PMCF Advises Crane Engineering in its Acquisition of Geiger Pump & Equipment Company

PMCF Investment Banking is pleased to announce that it served as the exclusive financial advisor to Crane Engineering Sales, LLC (“Crane”), a portfolio company of AEA Investors Small Business Private Equity (“AEA”), in its acquisition of Geiger Pump & Equipment Company (“Geiger”).

Headquartered in Kimberly, Wisconsin, Crane is a value-added distributor of engineered fluid handling solutions and services. The company uniquely blends three distinct capabilities into a highly synergistic offering, including exclusive product distribution, value-added service centers, and design and integration of complex, engineered skid systems.

Founded in 1983 and led by President Chris Brown, Geiger is the Mid-Atlantic’s premier distributor of industrial pumps, municipal pumps, and process equipment. The Company’s deep line card includes best-in-class manufacturers, including Goulds, Viking, and Moyno. Additionally, Geiger offers ancillary product categories, including sealing devices, mixers, vacuum pumps, fans, and blowers. Industrial companies, regional and national engineering firms, and local water and wastewater treatment operations rely on Geiger’s team of experienced engineers and service professionals for their fluid process needs.

The acquisition expands Crane Engineering’s footprint to include Geiger’s locations in Baltimore, Maryland, and Aston, Pennsylvania, complementing Crane’s existing facilities and operations in Wisconsin, Minnesota, and Michigan.

Lance Crane, CEO of Crane, commented, “Chris Brown and I have been friends for more than 20 years, and we developed best practices for our businesses working side by side. Geiger has an outstanding team and culture that aligns well with ours. We will continue to collaborate to enhance our customer experience, deliver more value, and elevate our leadership position.”

PMCF was hired by Crane to assist with this acquisition following its successful transaction with AEA in 2023, for which PMCF served as Crane’s sell-side investment banker. Joe Wagner, Managing Director of PMCF, commented “This combination exemplifies Crane’s attractiveness as a compelling pump distribution platform in a rapidly consolidating space. We look forward to seeing the continued growth of Crane and Geiger following this transaction.”

About PMCF

PMCF is a client-centric middle market investment bank providing merger and acquisition advisory services to private, public, and private equity-owned companies worldwide. We combine our expansive industry and transactional expertise with highly engaged senior-level bankers to create tailored solutions for all our clients. PMCF helps clients meet their sale, acquisition, financing, and strategic growth objectives through a broad range of services, including sale advisory, acquisition advisory, capital raising, transaction planning, and strategic advisory. We have dedicated professionals focused on key industry verticals including business & technology services, manufacturing, distribution, transportation & logistics, plastics & packaging, healthcare, and consumer & retail industries.