The Gorman-Rupp Co subsidiary Patterson Pump Co has completed a letter of intent to acquire Morrison Pump Co.
Founded in 1999, Hollywood, Florida, USA-based Morrison manufactures and services large capacity pumping systems primarily for the municipal flood control and water management markets in North America and South America, the Middle East and Asia. Morrison’s sales for the full year 2016 are expected to be around US$7 million.
Gorman-Rupp says that Morrison’s continued growth will be increased through its integration with Patterson, a manufacturer of large-scale flood control, wastewater management and fire suppression pumps and pump systems.
In a statement, Jorge Cortes and Michael Murazzi, founders and principal owners of Morrison, jointly said: “Morrison Pump Co has focused on developing and providing best-in-class pumps and pump systems in its steady growth in size and reputation to date. We are excited about our increased expansion prospects as we now partner with the major additional capabilities and experience of Patterson Pump Co, and the global multiple-markets pump systems reputation and resources of The Gorman-Rupp Co.”
“Morrison’s solid customer relationships and growth history will help expand sales in targeted niche markets complementary to Patterson Pump Co’s significant and growing leadership position in large scale flood control and municipal water management pumps and pump systems based in the USA and Ireland,” said Al Huber, president of Patterson Pump.