NEWS
Crossplane Capital Announces Griffin Dewaterering's Acquisition of the Pump & Integrity Rental Segment of Cross Country Infrastructure Services
DALLAS, December 8, 2022 – Griffin Dewatering (“Griffin”), a portfolio company of Crossplane Capital (“Crossplane”), a Dallas-based private equity firm, has acquired the Pump & Integrity Rental segment (“Pump & Integrity”) of Cross Country Infrastructure Services.
Originally founded in 1978, Pump & Integrity is a leading specialty pump and equipment rental and solutions provider serving customers in the industrial, commercial, construction, and energy & renewables end markets. Pump & Integrity’s fleet of rental pumps and ancillary equipment, together with its operational and technical expertise, provides mission critical pump-based systems and solutions across a broad spectrum of applications including water transfer, bypass and pipeline maintenance.
“The acquisition of Pump & Integrity is an important step in positioning Griffin as a mission critical, comprehensive water management platform with a national footprint,” said Mike Sullivan, Partner of Crossplane Capital. “Pump & Integrity brings a talented management team and a fleet of specialized equipment to Griffin that will allow the combined company to provide deep capabilities for both ground and surface water management.”
David Singleton, President and CEO of Griffin stated, “We are excited to welcome the Pump & Integrity team to Griffin. Griffin and Pump & Integrity share a common culture centered around providing our customers the technical expertise required to solve their fluid management needs. From our 17 combined branch locations, we will be able to offer pump system design, rentals and service across the country.”
“The diverse array of applications and new end markets Griffin will be able to address going forward positions the company as a uniquely strategic solutions provider of rental focused pump services,” said Brian Hegi, Managing Partner of Crossplane Capital. “The acquisition of Pump & Integrity allows Griffin to make an aggressive move further into the high margin specialty equipment rental business that accompanies the complex dewatering and water treatment services it provides today.”
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