O2 Sponsor Finance, a division of Old Second National Bank, provided $25,000,000 in senior secured credit facilities to support Pike Street Capital's portfolio company PumpTech in its acquisitions of Alpha Southwest and Pipestone (together "PumpTech").
Founded in 1964 and headquartered in Albuquerque, New Mexico, Alpha Southwest supplies water treatment maintenance services, custom-engineer pumping systems and fluid handling systems primarily to municipalities in New Mexico and Texas.
Founded in 2009 and headquartered in Golden, CO, Pipestone Equipment distributes valves, gates, vault systems, and other flow control products for the water and wastewater industry.
"We are thrilled that Pike Street Capital selected O2 Sponsor Finance as senior lender to PumpTech to support their acquisitions of Alpha Southwest and Pipestone. PumpTech is building a unique platform focused on flow control products and services for municipal and industrial end markets. We believe the company is well positioned to capitalize on the aging water and wastewater infrastructure in the United States", said Nick O'Brien, Vice President, O2 Sponsor Finance.