Hidden Harbor Capital Partners, a private equity firm based in Boca Raton, Fla., has acquired Machinery Services Corp. and Rapid Pump & Meter Service Co.
MSC&RPM, headquartered in Paterson, New Jersey, is a northeast facility services provider that focuses on pump, motor, water and wastewater infrastructure, as well as maintenance, installation and repair services in the municipal, industrial and transportation sectors. Configure acted as financial advisor to Hidden Harbor in connection with debt financing for the acquisition of MSC&RPM.
“Hidden Harbor has a proven track record of success with field service businesses and we expect no different on their investment in MSC&RPM,” comments Doug Clarida, a managing director at Configure. “We are pleased to have played a role in this financing and anticipate great things for MSC&RPM in the tri-state area and beyond.”