Xylem acquires Heartland Pump for $29 millionOctober 23, 2012
Xylem Inc. purchased Heartland Pump Rental & Sales for $29 million, according to a company news release.
The terms of the transaction were not disclosed. Heartland Pump, headquartered in Carterville, Illinois, provides dewatering pump rental, services and systems design. The company has been a business partner of Godwin, a Xylem company, since 1995. Gretchen McClain, president and CEO of Xylem, says that the company has identified dewatering as a strategic growth market, and one that builds on Xylem's existing capabilities.
"This acquisition supports our strategy by expanding our footprint in an important region of the United States,” McClain says.
Xylem's dewatering solutions business designs and manufactures Godwin and Flygt brand automatic self-priming pumps, and submersible electric pumps. The Xylem offering includes pumps, accessories and services to meet customer needs during emergencies, rental or permanent installations. Heartland employs about 100 people and has branches in Indiana, Mississippi and Tennessee.