Bessemer Investors Makes Big Investment in Tencarva Machinery Company
Posted on 11/24/2021
Tencarva Machinery Company was founded in Greensboro, North Carolina in 1978 with the mission of providing pumps and associated liquid handling equipment to industrial customers. Tencarva has increased its capabilities, added new suppliers, expanded geographies and enhanced its product portfolio, entering the municipal market in 2006. Tencarva also goes to market under the following brands throughout the Southeast: Southern Sales, Saladin Pump & Equipment, Hudson Pump & Equipment, ESSCO Service & Sales, and Uniguard Machine Guards. With over 350 employees across 28 locations in the Southeast, Tencarva provides high quality flow control and process equipment solutions and services on behalf of its original equipment manufacturer (“OEM”) partners.
Bessemer Investors LLC made a major investment in Tencarva Machinery Company. Bessemer will partner with Tencarva’s existing management team, including Tencarva President Ed Pearce, who will continue leading the company.
Advisors
Wells Fargo served as financial advisor to Tencarva, while Schell Bray served as legal counsel. William Blair served as financial advisor to Bessemer Investors and Akin Gump Strauss Hauer & Feld LLP served as legal counsel. Barings is leading the debt financing for the transaction.
Keywords: Bessemer Group. Bessemer Trust Company.
