Oil patch bits: PumpTech acquires Frost Engineering Service Company NW

Petroleum News

As reported by Pike Street Capital LLC June 7, Pike Street portfolio company PumpTech LLC announced the acquisition of Frost Engineering Service Company-Northwest, a provider of industrial engineering solutions for the oil and gas, petrochemical, manufacturing, and other industries. Frost Engineering brings extensive expertise in instrumentation and control solutions, complementing PumpTech’s current line of pump, process, and environmental products and services.

“There are tremendous synergies between the two companies,” said Doug Staab, PumpTech board member and an industry veteran in the flow management space. “Frost Engineering and PumpTech serve a similar type of customer across adjacent markets. All of these customers can benefit from the combined products and services we’re now able to offer, which will lead to growth for both companies.”

Founded in 1954, Frost Engineering is a trusted supplier and integrator of fluid handling systems and associated instrumentation based in Snohomish, Washington. With deep expertise in measurement applications, process control, and lubrication systems, the organization delivers proven, industry-specific solutions based on decades of knowledge.

“Frost Engineering is a great addition and aligns perfectly with our strategy to build on the PumpTech platform,” said Dave Dandel, partner at Pike Street Capital. “We’re excited about this rapidly growing market and plan to accelerate this growth through further acquisitions.”

Pike Street Capital invests in middle-market companies with leading market positions, strong management teams, and discernible growth drivers. The firm targets sectors serving professional customers and B2B growth where it has relevant investing and operating experience, including industrial technology, specialty manufacturing, distribution and logistics, and business services. The firm’s $237 million over-subscribed inaugural fund closed in November 2020.