FCX Performance Purchases Pierce Pump Co.
Columbus, OH - FCX Performance Inc. has acquired Pierce Pump Co. of Dallas.
FCX, a valve and process flow product distributor, said it purchased the pump manufacturer for an undisclosed amount, further expanding its presence in Texas and building on a flurry of acquisitions. It made its first foray into Texas in 2010 with its acquisition of Baro Holdings, widening its presence to 32 states.
FCX was purchased in October by Harvest Partners LP when the New York-based private equity firm took a controlling ownership stake, looking to build on the Columbus company’s strong growth history.
“We anticipate closing additional acquisitions in fiscal year 2013 with the support of Harvest Partners,” FCX President Charles Hale said in a press release.