A Red Deer company is celebrating its 30th anniversary with a move into Saskatchewan.
Pumps & Pressure Inc. announced on Tuesday that it’s acquired the assets of Panther Wash Equipment Ltd., a Saskatoon company that sells and maintains high-pressure wash equipment and accessories.
The financial terms the deal, which closed March 15, were not disclosed.
A release issued by Pumps & Pressure president and founder Jack Tremain said Panther’s staff will remain with the business.
That includes former owner Kelly Wilkinson, who will serve as Pumps & Pressure’s branch manager in Saskatoon.
Tremain said the purchase is beneficial for both operations, with Pumps & Pressure gaining additional products.
“This acquisition complements our offerings, as we currently manufacture self-serve wash equipment and fluid-handling bench tanks,” said Tremain, adding that the company also sells commercial vehicle wash equipment, pressure washers, air compressors and other products.
“Our intent is to continue to supply and service the car wash industry, as well as individual wash bays, as Panther has for over 25 years.”
Founded in 1984, Pumps & Pressure manufactures, sells and services a variety of equipment, including air compressors, pressure washers, car washes, hydraulics and pumps.
In addition to its Red Deer headquarters, it has branch offices in Edmonton, Calgary, Grande Prairie, Leduc, Langley, B.C. and Brandon, Man.