ISLAND PUMP AND TANK, A PORTFOLIO COMPANY OF HIDDEN HARBOR CAPITAL PARTNERS, ACQUIRES C 3 TECHNOLOGIES LLC
North Brunswick, New Jersey, March 6, 2024 – Island Pump and Tank (“Island Pump”), a Hidden Harbor Capital Partners portfolio company and provider of maintenance, repair, and installation services to petroleum, commercial, utility and government customers, today announced the acquisition of C 3 Technologies LLC (“C 3” or the “Company”). The acquisition further densifies Island Pump’s Northeastern presence into New Jersey and adds meaningful scale and expertise to its compliance and testing capabilities.
C 3 Technologies was established in 2005 by Manny Alvarez and is located in North Brunswick, NJ. The company is a provider of service, compliance, testing, disposal, and installation services to petroleum and commercial customers throughout the state of New Jersey. C 3 founder Manny Alvarez will continue to remain involved with the company.
“Partnering with the team at Island Pump and Tank is a big step for C 3 that will allow us to better service our customers, maintain our high-quality standards, and support the next phase of growth for our customers and for our employees. I’m honored by the journey we’ve had at C 3 and optimistic about the future collaboration with Island Pump,” said Manny Alvarez.
“Our partnership with C 3 is a testament to our shared values and a commitment to elevating our service standards and value-proposition to our many customers. Together, we look forward to unlocking new possibilities and enhancing the legacy of both organizations,” said Matt Robertson, CEO of Island Pump and Tank.
Capital Southwest Corporation (Nasdaq: CSWC) provided financing for the transaction. Kilpatrick Townsend & Stockton served as legal advisor to Hidden Harbor Capital Partners and Island Pump and Tank. Rob Glaser of The Law Offices of Geoffrey D. Mueller LLC served as legal advisor to C 3.
About Island Pump and Tank
Headquartered in East Northport, New York, Island Pump and its affiliate companies, PEC and Mid-South Steel Products, have become the partners of choice for repair and installation services to fueling stations and critical infrastructure for over 50 years. Through decades of building a strong reputation for industry-leading quality, technical expertise, and service excellence, Island Pump has become the partner of choice for the largest fuel retailers and government agencies. In addition, the Company’s deep experience in underground storage tanks (“USTs”), environmental remediation, and alternative energy services make it a trusted partner for critical infrastructure projects of all sizes. For more information, visit https://islandpumpandtank.com/
About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on execution. We believe that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives. Hidden Harbor currently manages over $800 million of equity capital and is investing out of its second fund, a $450 million vehicle. To learn more, visit www.hh-cp.com and our page on LinkedIn.
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Media Contact
Julia Bennett: (904) 534-4468 / jbennett@hh-cp.com