Sector Specialist engineering
Location Hampshire, UK
Exit date February 2013
Investment status Realised
Exit details $57 million

Pims Group

The company

Pims was a leading national provider of clean, waste and sewage pump systems to utility, domestic and commercial customers when Inflexion backed the MBO in 2007.

Established in 1972, Pims Group comprised Pims Pumps, which designed and installed the pumps, and Pims Services, which managed their maintenance and ongoing service contracts. The company’s services also encompassed specialist treatment systems, rainwater harvesting and environmental testing.

Growth strategy

Ambitious for growth, the management team at Pims wanted to consolidate their position in the UK through targeted acquisitions, as well as growing market share organically and broadening their service offering.

The Inflexion difference

Post-investment, we backed the existing management team and together we grew the business via acquisitions and organic expansion of its product and service range.

During our ownership we were actively involved in pursuing and negotiating a large number of value-enhancing corporate acquisitions, of which Pims completed four. Two of these acquisitions were regional service-led businesses enhancing Pims’ national coverage. This led to market expansion, a larger customer base and increased profits.

Through the acquisitions we engineered, Pims was able to develop an integrated services model; servicing not only pump systems but also all the complex drainage networks on site, utilising a tanker fleet. We also encouraged investment in R&D, specifically to create intelligent maintenance systems. All of this meant they could focus on larger clients, attract national accounts and engage with the UK water authorities, which proved of great value to Xylem Inc, to which we sold Pims in 2013.