Harkness Capital Partners invests in Capital Pump & Equipment LLC

New York, NY, September 14, 2022 – On August 31, 2022, Harkness Capital Partners (“Harkness” or “HCP”), a private equity firm focused on investments in leading service-oriented companies, completed an investment in Capital Pump & Equipment (“CPE” or the “Company”), a specialty pump rental and services platform based in Chandler, Arizona.

Founded by Tom Henderson in 2013, CPE is a specialty rental business providing high-capacity pumps and related equipment and value-added services in the southwestern United States. CPE primarily serves customers leading large industrial, construction, and infrastructure projects, including large municipal water and wastewater projects. CPE provides value-added services and expertise, including technical support and designing, setting up and deconstructing large fluid handling systems, which differentiates CPE in the market.

The Harkness investment in CPE represents HCP’s fourth platform investment in business services companies. The Harkness team of Gerry Plescia, Jim Ozanne, Mark Krivoruchka, and Ted Dardani will serve as a resource to CPE senior management in support of business building and growth initiatives. They bring deep operating experience in specialty rental and will support Tom Henderson and his team’s initiatives related to geographic expansion, additional fleet investment, and growing CPE’s value-added service capabilities.

Specialty rental services is an important investment segment for Harkness Capital. “The Harkness team brings extensive specialty equipment rental experience and a proven track record of scaling those businesses into leading regional and national companies,” said Tom Henderson, Founder and CEO. “This partnership will benefit Capital Pump & Equipment’s customers, vendors, and employees by allowing CPE to bring its solutions-oriented pump expertise into new markets and further develop the resources it has in existing markets.” The Harkness investment team, including Denis Nayden and Ted Dardani, Ian Handsman, Anthony Piccione and Ian Ardrey, have led investments in numerous rental and specialty rental businesses. The investment in CPE was made out of Harkness Capital Partners I, LP.

Jennings, Strouss & Salmon, P.L.C. and Gibson, Dunn & Crutcher LLP served as legal advisors for HCP. Catalyst Strategic Advisors, LLC acted as financial advisor and DLA Piper LLP served as legal advisor for Capital Pump & Equipment.

About Capital Pump & Equipment

Capital Pump & Equipment is a leading specialty pump rental and service platform in the southwestern United States. Founded in 2013 by Tom Henderson and based in Chandler, AZ, the Company’s equipment for rent includes large pumps, fusion machines, liquid holding tanks, back-up generators, and other related equipment (pipes, fittings, etc.). CPE is led by Tom Henderson and Dan Foley and has long standing relationships with large contractors and industrial customers managing infrastructure and large construction projects, industrial companies (e.g., mining), and municipalities. For more information, please visit https://www.cpepumps.com.

About Harkness Capital

Harkness Capital Partners is a U.S. based private equity investment firm focused on investments in service-oriented companies. Harkness is dedicated to ‘transformational’ investing and building long-term value in its portfolio companies. The Harkness team works in partnership with talented business owners and managers seeking to grow their companies by investing capital and committing operating resources to support rapid and profitable growth.

The Harkness Capital team consists of investment professionals and former operating executives with diverse backgrounds as business founders, builders and leaders in services businesses. Harkness Capital focuses on investments across a variety of segments within business and outsourced services, and where the team has deep experience and expertise. Harkness seeks platform companies within business and outsourced services between $5-25 million of EBITDA. Priority segments include Specialty Rental, Logistics and Distribution, Environment, Health and Safety, Test, Inspection and Infrastructure services, and other outsourced services. For more information, please visit https://www.harknesscapital.com.