Thompson Pump has expanded its distribution network in the central U.S. with a new partnership.
The Port Orange, Florida-based pump manufacturer announced Jan. 11 a distributor’s agreement with Oklahoma City-based Kirby-Smith Machinery Inc. Financial terms of the transaction were not disclosed.
MDM’s M&A Virtual Summit, to be held Feb. 21-22, has something to offer for any distributor on the dealmaking spectrum. We’ll cover the current state of M&A; how to maximize valuation; integration do’s and don’ts; ESOPs; the culture side of the M&A process; and more. Get details and register here.
Founded in 1983, Kirby-Smith is a distributor of heavy construction equipment with locations throughout Missouri, Kansas, Oklahoma and Texas. Under the new partnership, Kirby-Smith will sell, service and rent Thompson Pump’s products throughout Oklahoma and Texas, according to a news release. The partnership will serve markets such as government sales, oil and gas, construction, mining and industrial.
“We are very excited about this partnership as it brings Thompson Pump’s products and name recognition to a region with plenty of competitors,” Thompson Pump National Sales Manager Pat Broderick said. “Kirby-Smith is one of the premier equipment dealers in the central U.S. and the continuity of products and services it provides to this market is key to our growth in the area.”
“Partnering with a company like Thompson Pump, which is known throughout the industries for its reliability, support and value, allows us to expand our reach and connect with customers in an entirely new way,” Kirby-Smith General Manager of Industrial Equipment Sam Schneider said.
See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector.