Kinderhook Industries

Pumped for the Next Phase of Growth, Mersino Primes Its Capital Structure Through a Recapitalization With Kinderhook

January 7, 2022

New York, NY – Kinderhook Industries, LLC (“Kinderhook”) announced today the recapitalization of Mersino and Global Pump (collectively “Mersino” or the “Company”) in partnership with the President & Chief Executive Officer, Gino Mersino. Financial terms of the transaction were not disclosed.

Founded in 1988 by Rod and Karen Mersino and headquartered in Davison, Michigan, Mersino is a leading provider of water control solutions offering industrial pump rentals and services through its vertically integrated model. The Company operates two divisions – (i) water control solutions with a fleet of over 1,200 pumps and (ii) industrial pump manufacturing marketed through its Global Pump brand. Mersino’s rental and services business consists of three core water control solution offerings – (i) dewatering, (ii) bypass pumping, and (iii) pump rental. Mersino has also recently launched a one-pass trenching service offering. Through a network of 13 branch locations, the Company delivers rentals and services alongside a national footprint of distribution partners who collectively represent over 80 re-rental locations.

“Kinderhook is an ideal partner for our company,” said Gino Mersino, President & Chief Executive Officer of Mersino. “We are excited to partner with them as we take Mersino into its next phase of growth with a focus on expanding the fleet, opening up branches in new markets, and completing add-on acquisitions. We remain committed to providing the best water control solutions in the market.”

“The Mersino Family has built a fantastic business over the last thirty years,” said Robert Michalik, Managing Director of Kinderhook Industries. “We are excited to partner with Gino to expand the Company’s footprint while bringing quality rental equipment and trusted service to even more customers and markets.”

Kirkland & Ellis LLP served as legal counsel to Kinderhook. Catalyst Strategic Advisors, LLC. served as the exclusive financial advisor and Butzel Long acted as legal advisor to Mersino in connection with the transaction. Financing for the transaction was provided by a syndicate of Comerica Bank and Flagstar Bank.

For additional information about this transaction, please contact: 
Robert Michalik
Managing Director
(212) 201-6789
[email protected]
 
Corwynne Carruthers
Managing Director
(212) 201-6799
[email protected]
 
Sam Keenan
Principal
(212) 201-6795
[email protected]

About Kinderhook Industries

Founded in 2003, Kinderhook Industries, LLC is a private investment firm that manages over $5.4 billion of committed capital. We have made in excess of 375 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services, and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders.

For more information, please visit https://www.kinderhook.com

About Mersino

Headquartered in Davison, Michigan, Mersino is a leading provider of water control solutions offering industrial pump rentals and services through its vertically integrated model. With a state-of-the-art fleet of over 1,200 pumps, Mersino offers a wide range of water control solutions including dewatering, bypass pumping, and pump rentals across a diverse range of end markets. Through its brand, Global Pump, Mersino also manufactures industrial pumps for its own fleet as well as for sale to end users. The Company has 13 branch locations across the Midwest and Southeast.

For more information, please visit https://www.mersino.com/