Graycliff Partners Announces Credit Investment in PumpMan

Graycliff Partners LP announced it has provided a unitranche debt and minority equity investment to support the recapitalization of PumpMan, Inc. (“PumpMan”), along with a delayed draw term loan to support the Company's acquisition-driven growth strategy.

Headquartered in Saddle Brook, NJ, PumpMan is a leading national provider of pump systems and on-site maintenance and repair services for commercial, industrial, and municipal wastewater pump systems. The Company operates across 8 locations across the United States and works with water and wastewater operators to optimize the performance and reliability of pumping systems. PumpMan was formed in 2016 after raising capital to pursue building a national service company via acquisition.

“PumpMan is well positioned to benefit from the reopening of the post-pandemic economy. We look forward to working with the PumpMan team to support the Company’s continued growth initiatives,” said Troy Iskarpatyoti, Vice President, Graycliff Partners.

“We are excited to partner with Graycliff as our new capital provider,” said Don Devine, CEO of PumpMan. “Graycliff’s financial and strategic support will be crucial as we seek to continue expanding our service network in major markets across North America.”

About Graycliff Partners LP

Graycliff Partners is an investment firm focused on making lower middle market investments. Through dedicated equity and credit funds, Graycliff seeks to invest in companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, recapitalizations, growth and expansion.

Graycliff Partners’ dedicated credit platform manages over $650 million of committed capital and provides financing solutions to lower middle market companies with $3 million to $40 million of EBITDA.

Graycliff is actively seeking new opportunities to deploy capital via unitranche debt, subordinated debt, or minority equity. Please reach out to anyone on the Graycliff team – we are happy to discuss new potential opportunities.