January 26, 2022
Industrial Flow Solutions LLC (“IFS”) a US-based leading provider of industrial pumping solutions and a portfolio company of Chicago-based private equity group May River Capital, has acquired 100% of Dreno Pompe S.r.l. (“Dreno”) an Italy-based business specializing in electrical submersible pumps for industrial, municipal, and residential wastewater applications.
Translink acted as the exclusive financial advisor to Dreno Pompe, with a cross-border team including Gerardo Dal Piva (Partner) and Alberto Furlan (Associate) from Translink Italy supported by Mohit Mehta from Translink’s US office. Alessio Vianello and Simone Cecchinato from MDA served as legal counsel, while Gian Marco Rando from Studio Rando provided tax advisory services. For the buyers, Mauro Battistella and Sara Porta from CMS acted as legal advisors.
Founded in 1990 by the Conforto family, Dreno has established itself as a niche manufacturer of high-quality submersible pumps and built an outstanding reputation across a loyal customer base, particularly internationally. The transaction will allow IFS to further expand its product offering and penetrate the European market by accessing local production and supply chain capabilities as well as new sales channels in the continent.
“We are enthusiastic about this acquisition, which is of prime importance for the expansion of our platform in Europe” said May River’s partner, Dan Barlow. The goal is to accelerate Dreno’s growth in addition to building and scaling a strategic platform in Italy able to manufacture IFS’s products for the European market as well as leverage IFS and May River’s capabilities to sell Dreno’s pumps in North America.
“We are excited to see Dreno join the IFS family and enter a new chapter of growth that will enormously benefit the local community, add jobs and honor our company’s legacy. For us, this was our first experience in a sale process and the Translink team worked tirelessly to help us get the deal to the finish line and accomplish a result that goes beyond our expectations” Dreno’s co-owner and CEO Emiliano Conforto stated.
“Working with the Conforto family has been an absolute pleasure. This transaction is a testament to the quality of the work they have done over the past three decades. Project relevance and cultural fit were of utmost importance to us in selecting the right buyer and we firmly believe that May River will be the perfect steward of capital for Dreno in the years to come” commented sell-side advisors Gerardo Dal Piva and Alberto Furlan from Translink.
Post-closing, Dreno’s name will remain unchanged. The sellers will maintain an operational role and help IFS implement the next phase of growth of the company.
Contact our Team Members advising in this transaction:
Translink Strempel & Co. is the partner firm of Translink Corporate Finance in Italy composed of seasoned finance professionals who have matured extensive experience in a variety of sectors and disciplines within some of the most important players both nationally and internationally in industry, finance and management consulting.
Gerardo
Dal Piva
Associate Partner
gdalpiva@translinkcf.com
Alberto
Furlan
Associate
afurlan@translinkcf.com
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.