Tencarva Machinery Company, a Southeast distributor of flow control and process equipment solutions and services to industrial and municipal end-markets, has acquired Fischer Process Industries. Fischer Process is a pump, valve and process equipment distributor headquartered in Loveland, Ohio.
Don’t miss any content from Distribution Strategy Group. Join our list.
“Fischer Process Industries has a long track record of success, a skilled management team and strong service capabilities. The partnership brings the addition of valves to Tencarva’s product line and gives us access to new markets in Indiana, Kentucky and Ohio while bolstering our presence in Georgia. Fischer Process and Fischer Process-South, which will also join us, are the perfect complement to Tencarva’s existing platform, which we plan to continue expanding through strategic acquisitions,” Tencarva President Ed Pearce said.
Tencarva is a portfolio company of New York-based investment firm Bessemer Investors LLC. Fischer Process’s existing management team, including President Ken Fischer, will remain with the company.
Ian Heller is the Founder and Chief Strategist for Distribution Strategy Group. He has more than 30 years of experience executing marketing and e-business strategy in the wholesale distribution industry, starting as a truck unloader at a Grainger branch while in college. He’s since held executive roles at GE Capital, Corporate Express, Newark Electronics and HD Supply. Ian has written and spoken extensively on the impact of digital disruption on distributors, and would love to start that conversation with you, your team or group. Reach out today at iheller@distributionstrategy.com.