(Nexxus Capital) Nexxus Capital announced that it reached an agreement to invest in Pumping Team Holding, a a concrete pumping services holding company with operations in Mexico and Spain.
Nexxus Capital announces that on December 2nd 2016 it has reached an agreement to invest in Pumping
Team Holding S.A. de C.V. (“Pumping Team”), a holding company of concrete pumping services with
operations in Mexico and Spain.
This investment will be made through Nexxus Capital Private Equity Fund VI, L.P. and Nexxus Capital VI
Trust (jointly “Nexxus VI”), once certain closing conditions are met, including the approval of Mexico’s Antitrust Authority (“COFECE”).
The transaction involves the Spanish Private Equity Fund MCH Iberian Capital Fund IV, F.C.R. (“MCH”),
and the shareholders of Pumping Team S.L.L. who will be the Operating Partners of the Company. This will be one of the first transactions that combines both a Mexican and international private equity funds.
Pumping Team will have nearly 550 pumping units, considering the existing operations in Spain as well as the units acquired by one of the Mexican subsidiaries of CEMEX S.A.B. de C.V.
The Operating Partners are deeply familiarized and experienced with the concrete pumping industry, having previously managed a fleet of +500 units in Spain, Portugal, and Poland.
Concrete pumping services are a critical segment of the value chain of the concrete industry and a recent trend indicates customers prefer this delivery method, not only because of its efficiency, but because of both quality and the concrete’s homogeneity.
Pumping Team will focus on obtaining additional profitability, and will analyze consolidating opportunities at an international level.