Soundcore Capital Partners Acquires PumpMan; Don Devine Named CEO

Regional Leader Ramps Up for National Expansion

PumpMan, a leading provider of pump system maintenance, repair and new system installation, recently announced that private equity firm Soundcore Capital Partners, LLC (“Soundcore”), has acquired the Company. As part of the transaction, Don Devine has been named new CEO of PumpMan. Devine brings more than 25 years of leadership experience at multi-million dollar global corporations including American Standard, as well as expertise integrating strategic acquisitions to drive growth. Terms of the private transaction were not disclosed.

"I'm very excited to join PumpMan, which is the clear leader in on-site maintenance and repair of pumps and pump systems in Southern California," said Devine.

Immediately prior to joining PumpMan, Devine was CEO at World and Main, an omni-channel distributor of home, hardware and building supply products. Previously Devine held CEO positions at Custom Building Products and American Standard, and was President and Chief Operating Officer of the Jacuzzi Brands.

“I’m confident that, with our growth orientation and best practices, PumpMan will attract the best professionals in the business, ensuring that we continue to deliver the highest level of quality and customer service,” Devine continued. “The entire team at PumpMan is really energized about our future, and we can’t wait to add more great people as we progress."

Soundcore made the decision to invest in PumpMan after reviewing more than 1,000 different companies in the space.

“Pump system maintenance is a very fragmented industry, with thousands of small businesses, of widely varying quality,” said Jarrett Turner, Managing Partner of Soundcore. “PumpMan will apply its industry leading systems and training as the Company adds other quality operators around the country.”

About PumpMan
Since 1976, PumpMan has provided Pump System Maintenance, In Shop/Onsite Repairs and Field Services to municipal, commercial, industrial and residential customers. PumpMan has experienced, factory trained mechanics and a state of the art machine shop, and technicians that are Confined Space Certified for more challenging repairs. To make sure pump systems continue to be reliable and efficient, PumpMan offers Planned Maintenance Programs. For more information, visit www.pumpman.com.

About Soundcore Capital Partners
Soundcore Capital Partners, founded in 2015, is a New York City-based private investment firm specializing in control equity investments and leveraged buyouts of lower middle market North American (US or Canada) headquartered businesses that have proven franchises. The firm partners with exceptional management teams and seeks to make operational improvements, internal growth initiatives, and strategic acquisitions. Soundcore is particularly interested in businesses whose management team members and/or selling shareholders wish to have a meaningful ownership stake in the newly acquired enterprise. The firm focuses on proprietary deal sourcing through industry relationships and investment brokers rather than traditional bank auction processes. For additional information on Soundcore Capital Partners, For more information, visit www.soundcorecap.com.