Continuim Announces Fluid Control Acquisition Strategy
Continuim Equity Partners (“Continuim”) is pleased to announce its partnership with Mr. Ronald Mumbray through the recent acquisition of Fluid Sealing International and Anchor Seals, Inc. (collectively Anchor Holding Group, “AHG”, or the “Company”).
This transaction is the first of Continuim’s planned acquisitions and greenfield initiatives in the fluid control segment. Together with Mr. Mumbray, Continuim intends to build a platform with a differentiated product offering and value proposition to serve blue-chip customers across the chemical, water, wastewater, steel, power, pulp and paper, and other industrial and high-purity end-markets. Our platform will be underpinned by a domestically manufactured, highly engineered product suite that will include seals, gaskets, pumps, valves, and instrumentation, which will be supplemented with value-added distribution of a wide range of related fluid control products from industry-leading OEMs. In addition, Continuim and Mr. Mumbray will ensure our customers receive rapid response times for emergency repairs, installations, and on-site service needs, all designed to keep plants running safely, efficiently, and cost-effectively.
Headquartered in Coraopolis, PA, AHG is a leading manufacturer and value-added distributor of industrial, mechanical, and cryogenic seals, custom and standard gaskets, ANSI pumps, and related fluid control components. In addition to its differentiated product offering, AHG provides superior customer service and rapid response times to minimize downtime and unplanned outages for its tenured and diversified customer base.
AHG operates from a modern, recently expanded facility where it has open capacity and a dedicated team of employees that are committed to execute Continuim and Mr. Mumbray’s plans to accelerate growth. AHG is currently evaluating new geographic locations across key fluid control hotbeds and pursuing strategic acquisitions in order to better serve new and existing customers.
George Pilafas, Managing Partner of Continuim, stated, “We are beyond excited to partner with Ron and the team at AHG to facilitate Continuim’s and the Company’s growth objectives. As a differentiated manufacturer and supplier of fluid control products, Continuim views AHG as critical to the growth of the American industrial infrastructure that supports jobs and our quality of life.”
Ronald Mumbray, President of AHG said, “Partnering with Continuim and their Pittsburgh-based team presents several clear advantages for AHG. By combining our deep industry expertise and tenured customer relationships with Continuim’s resources and best practices to accelerate growth, I could not be more excited about the Company’s future.”
About Continuim Equity Partners
Continuim is a Pittsburgh-based private equity fund with over $100 million of capital commitments. We focus exclusively on acquiring and accelerating the growth of successful manufacturing and industrial businesses ranging from $3MM to $10MM of EBITDA. We bring operating strategies, committed capital and a talented team of industrial executives to help transform family-owned manufacturing, value-added distribution, and industrial maintenance companies.
Our name is derived from what we consider most important to the growth of family-owned industrial businesses — Continuous improvement.
Certain statements about Continuim made by portfolio company executives herein are intended to illustrate the work of Continuim’s team with such portfolio companies. Such portfolio companies [may be controlled] by investment vehicles managed by Continuim. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities [and/or investors in Continuim-sponsored vehicles]. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.