Sep. 18, 2022
Harkness Capital Partners, New York, a private equity firm, has invested in Capital Pump & Equipment (CPE), a specialty pump rental and services platform based in Chandler, Ariz.
Founded by Tom Henderson and Dan Foley, CPE is a specialty rental business providing high-capacity pumps and related equipment and value-added services in the southwestern United States. CPE primarily serves customers leading large industrial, construction and infrastructure projects, including large municipal water and wastewater projects.
The Harkness investment in CPE represents HCP’s fourth platform investment in business services companies. The Harkness team of Gerry Plescia, Jim Ozanne, Mark Krivoruchka and Ted Dardani will serve as a resource to CPE senior management in support of business building and growth initiatives.
“The Harkness team brings extensive specialty equipment rental experience and a proven track record of scaling those businesses into leading regional and national companies,” said Tom Henderson, CPE co-founder and CEO. “This partnership will benefit Capital Pump & Equipment’s customers, vendors and employees by allowing CPE to bring its solutions-oriented pump expertise into new markets and further develop the resources it has in existing markets.”
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