XPV Water Partners Announces Sale of Holland Pump to Workdry International

TORONTO, Canada – July 17, 2024 – XPV Water Partners (“XPV”) is proud to announce that Workdry International, the parent company of engineered pump rental solutions and wastewater treatment asset rental providers, has acquired Holland Pump Company (“Holland Pump”), as part of its strategic expansion into the North American market. 

The deal is backed by UK-based independent fund manager Arcus Infrastructure Partners (“Arcus”), through Arcus European Infrastructure Fund 3 (“AEIF3”) as Workdry’s majority shareholder and will see Workdry establish a market-leading presence in the East and Gulf Coast regions of the United States, strengthening the combined group’s offering to the infrastructure, construction, municipal, and manufacturing sectors.

Since investing in a majority stake in 2019, XPV has actively sourced and supported a series of strategic acquisitions and organic growth initiatives to help expand Holland Pump into one of the largest pure-play pump rental and service providers in the US, with more than 1,000 pump assets across 15 locations. The company has a diversified and longstanding customer base, with its core end markets including municipal water infrastructure, core industrial segments, and broader transport infrastructure across its geographical footprint. 

“We’ve been proud to work with the Holland Pump team to scale their leading-edge services,” said Sam Saintonge, Investment Partner, XPV Water Partners. “The company is highly regarded in the industry, and it is making a critical contribution toward building a sustainable water future. We’re excited to see Holland Pump and the team land with Workdry and continue to make a difference.” 

Holland Pump CEO, Tom Vossman, will continue to lead the U.S. business, working closely alongside Workdry’s leadership team to integrate best practices and share expertise across the group. 

“Reaching this next step in Holland Pump’s journey is thanks to the hard work of our team and our team’s strong and successful relationship with XPV,” Vossman said. “We’ve achieved a great deal of momentum, and we’re thrilled to continue our mission with Workdry and Arcus.” 

About Holland Pump Company 

For over 40 years, Holland Pump has been a leader in the manufacture, sale, distribution, rental, and service of specialty pumps and dewatering solutions. With a relentless focus on customer service and enabling its customers to complete their projects faster, Holland Pump has gained a reputation for its expertise. From its headquarters in West Palm Beach, Holland Pump has grown to 15 branch operations across Florida, Louisiana, Maryland, New York, Pennsylvania, South Carolina, and Texas. For more information, visit hollandpump.com. 

About XPV Water Partners 
 
XPV Water Partners is a team of experienced operators and investors who are committed to making a difference in water. The firm manages investment capital from some of the world’s top institutional investors, and partners with emerging water-related companies to help them rapidly expand and achieve their strategic goals. XPV aims to generate strong, risk-adjusted returns for its investors by leveraging its trusted ecosystem, deep industry knowledge and its water centric company scaling platform. XPV is committed to building partnerships that contribute to growing people, sustainable businesses, prosperous communities, and a water secure future. For more information, visit xpvwaterpartners.com. 
 
For media inquiries, please contact:
Kerry Freek, kfreek@xpvwaterpartners.com