December 5, 2007 • Aerial lift rental company Trico Lift, Millville, N.J., announces it has added two investing partners: John Michael Pax, owner of Godwin Pumps of America, and private equity firm Argosy Partners, represented by John Kirwin III. Trico Lift President and CEO Ken Pustizzi maintains a controlling interest in the company.
“We're very happy to have brought in John Paz and John Kirwin as our investors,” Pustizzi said. “As the long-time owner and entrepreneur of Godwin Pumps, John brings relative experience and notable success, from which we're sure to benefit.” He added that having Kirwin's financial and professional backing is an accomplishment for Trico Lift, considering the selective process involved in becoming one of Argosy Partners' investments.
Godwin Pumps of America, Bridgeport, N.J., makes and distributes industrial pumps used for municipal sewer bypass work, as well as for mine, quarry, and construction site dewatering and industrial applications. The company has home offices in two continuents, employs more than 600 people worldwide, and has annual sales in excess of $200 million.
Argosy Partners, Wayne, Pa., manages more than $300 million of private equity capital. It has invested in more than 100 operating companies with a focus on acquisition and growth financings for lower-middle market manufacturing, distribution, and service businesses.
