Rochelle Park, NJ – DAK, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces that its client Machinery Services Corp. and Rapid Pump & Meter Service Co., Inc, (MSC&RPM) headquartered in Paterson, NJ has been sold to Hidden Harbor Capital Partners.
DAK served as the exclusive investment banker and financial advisor to MSC&RPM initiating and managing the entire transaction process.
MSC&RPM has a 44-year track record providing custom-tailored, full-service water and wastewater, pump, industrial contracting, and repair solutions throughout the Northeast for a broad array of public sector, corporate, and utility customers.
Hidden Harbor acquired MSC&RPM as a platform company and will support Rich Taylor, President, who will remain at the helm, along with his full team to continue to drive the company and expand it to the next level as they seek to capitalize on the recent national infrastructure bill.
The MSC&RPM brand has been the gold standard for mission critical electric/electro-mechanical field service work in the Northeast for over four decades. The partnership with Hidden Harbor Capital Partners ensures a commitment to providing the highest quality infrastructure services for many years to come.” stated Len LaPorta, Managing Director, along with Melvyn Threatt-Peters II, Vice President, Alexander Slawinski, Analyst, and Jesse Del Buono, Analyst, who engineered this transaction.
DAK is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sale, financial restructuring, bankruptcy, capital advisory, valuations, and fairness opinions. Since 1984, DAK has executed hundreds of transactions across a wide range of industries. The goal is always the same, to maximize value for our clients. DAK is headquartered in Rochelle Park, NJ, with clients throughout the country.
About Rapid Pump & Meter Service Co,. Inc and Machinery Services Corp
Machinery Services Corp. and Rapid Pump & Meter Service Co., Inc are committed to 100% Customer Satisfaction. Rapid Pump & Meter Service Co., Inc., was founded in 1960 to service and repair flow meters in the Municipal and Commercial sectors. Machinery Services Corp. was founded in 1978 to provide diverse electrical and mechanical services to a broad customer base in the Industrial, Commercial and Transportation Sectors. In 1982 RPMS was acquired by MSC and together they have been serving customers ever since.
About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on execution. They believe that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives. Hidden Harbor currently manages over $700 million of equity capital and is investing out of its second fund, a $450 million vehicle.
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