HIDDEN HARBOR CAPITAL PARTNERS ACQUIRES MACHINERY SERVICES CORP. & RAPID PUMP & METER SERVICE CO., INC. IN 11TH PLATFORM ACQUISITION

Boca Raton, Florida, August 29, 2022 – Hidden Harbor Capital Partners (“Hidden Harbor”), an operationally focused private equity firm specializing in control investments in lower middle market companies, is pleased to announce the acquisition of Machinery Services Corp. and Rapid Pump & Meter Service Co., Inc (“MSC&RPM), a leading Northeast facility services provider that focuses on pump, motor and Water/Wastewater Infrastructure , as well as   diverse maintenance, installation  and repair services in the Municipal, Industrial, and Transportation sectors.

Based in Paterson, New Jersey and founded in 1978, MSC&RPM is a value-added provider of mechanical, electrical and electronics services with a focus on the municipal water/wastewater, Industrial & transportation sectors. Through decades of maintaining a strong reputation for exceptional service and reliability, MSC&RPM is the provider of choice for many of the region’s largest municipalities when it comes to pump repair, inspection, and installation. MSC&RPM’s technical expertise is not limited to the water industry, as the Company maintains strong relationships with commercial and industrial clients who rely on the Company to perform key services and repairs to complex machinery.

“As a firm, we are very optimistic about the tailwinds in the water and wastewater industry and can’t think of a better fit than partnering with Rich and his team. We look forward to supporting MSC&RPM’s continued growth, providing additional opportunities for employees, and ensuring the same high-quality service our customers have come to expect,” said Russell Kreutter, Principal at Hidden Harbor.

“We look forward to partnering with management to execute a comprehensive growth strategy. We believe that with MSC&RPM’s expertise and Hidden Harbor’s resources, there is a clear path to achieve significant growth to expand MSC&RPM’s footprint,” said Matthew Goracy, Vice President at Hidden Harbor.

“It was essential for us to find a partner that shares our core values and vision for growth. As a significant shareholder in the Company going forward, I couldn’t be more excited to partner with Hidden Harbor and usher in a new era in our history. We are especially excited to work with Hidden Harbor’s portfolio operations group, which has a proven track record of helping companies achieve accelerated growth and create opportunities at all levels of the organization,” said Rich Taylor, President of MSC&RPM.

Hidden Harbor’s acquisition of MCS&RPM closed on July 21, 2022. LBC Credit Partners provided financing for the transaction.  Configure Partners served as financing advisor to Hidden Harbor.  The DAK Group served as financial advisor to MSC&RPM. Terms of the transaction were not disclosed.

About Machinery Services Corp. and Rapid Pump & Meter Service Co., Inc
Machinery Services Corp. and Rapid Pump &Meter Service Co., Inc. (“MSC&RPM), a leading Northeast facility services provider that focuses on pump, motor, and other repair services for water, wastewater, and other industrial applications. Based in Paterson, New Jersey, MSC&RPM offers comprehensive services to fulfill facility and project requirements for its customers and is fully dedicated to delivering 100% customer satisfaction.  For more information, visit rapidservice.com.

About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm with an operations soul and intense passion for building great companies.  Hidden Harbor brings large-scale, private equity experience and resources to the lower middle market with a focus on value-oriented, operationally intense situations.   Our principals are Investor Operators® who bring over 55 years of both extensive transaction and operating experience to truly understand your business. As one team, we partner and work hand-in-hand with our portfolio companies to drive business successes. To learn more, visit www.hh-cp.com.

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Media Contact
Julia Bennett: (904) 534-4468 / jbennett@hh-cp.com