Pressure Right Pty Ltd has been acquired by Pumps United Pty Ltd
The owner of Pressure Right Pty Ltd has sold the company to Pumps United Pty Ltd, a portfolio company of M.H. Carnegie & Co., for US$6.3 million.
Pressure Right is a specialist provider of managed pump and dewatering solutions for the civil and construction industries in Australia. Its core services consist of site dewatering, flow management (sewer bypass) and environmental solutions (water treatment).
Pumps United is a leading provider of water management solutions, serving the civil and construction industries in Australia. With M.H. Carnegie & Co.’s support, Pumps United has consolidated the expertise of several specialist companies, such as Mobile Dewatering, Vortex Hire, Prestige Pump Rentals, MDW Pump Rentals QLD and MDW Environmental Services.
M.H. Carnegie & Co. is an alternative asset manager with approximately US$700 million in assets under management across venture capital, private equity and real estate, currently managing seven funds on behalf of its investors.
Oaklins’ team in Australia advised the seller in this transaction.
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