Charlotte, NC - Stone Pump and Trench (“SPT”), a niche equipment rental company located in Knoxville, TN, to Cross Country Pipeline Supply (“Cross Country”), a portfolio company of Odyssey Investment Partners.
“We are excited about the future created by Cross Country's acquisition of Stone Pump & Trench. Our company is in excellent hands moving forward – our employees are taken care of and synergies resulting from this transition will accelerate future growth opportunities. Our team is confident that positive changes are on the horizon for SPT as Cross Country takes the reins and applies their proven model to a new territory. Through an extensive search, BAMA truly found the best buyer for our company,” stated Badge Stone, President of Stone Pump and Trench.
BAMA acted as an advisor to Stone Pump and Trench. Financial terms for the transaction will not be disclosed.
Business Acquisition & Merger Associates, a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing buy-side sourcing services that identify potential add-on acquisitions to expand geographic footprint or add strategic products and capabilities.
Stone Pump and Trench, founded in 2010, serves the Southeast from its Knoxville location by providing rental equipment for trench safety and pumping applications. With a wide range of large pump and shoring equipment in its product line and unparalleled customer service, SPT offers niche rentals that support jobs in the waste/water treatment, agricultural, construction, municipal, industrial and mining/quarry industries.
Cross Country Pipeline Supply is a leading provider of equipment and supplies and integrity services for the midstream energy and general infrastructure markets. The Company is based in Aurora, Colorado with 17 branches in the U.S. and Canada. Cross Country is a portfolio company of Odyssey Investment Partners, LLC. For more information, visit www.ccpipeline.com