have been acquired by
a portfolio company of
Cascadia, an investment bank serving middle-market clients globally, is pleased to announce that Bender CCP, Inc. and Unico Mechanical Corp. (“Bender,” “Unico,” or the “Company”) have been acquired by Vessco Water, a portfolio company of Gryphon Investors.
Headquartered in Vernon and Benicia, California, and with multiple facilities strategically located along the West Coast, Bender & Unico provide a full-service offering of engineered rotating-equipment repair, heavy industrial machining, and in-place field machining services. The Company offers unique maintenance, repair, and overhaul services and highly specialized valve, turbine, and rotating-equipment overhauls.
Bender and Unico together support municipal water and wastewater systems, hydroelectric and other power-generation facilities, U.S. Navy and Department of Defense applications, and other public works and critical infrastructure customers with shop and onsite capabilities including machining, grinding, balancing, turnkey overhauls, valve and hydro repair, and emergency response. The Company’s combined technical expertise, extensive capabilities, and long-standing reputation for quality and reliability position it as a partner of choice for complex, high-value maintenance and repair projects.
Vessco Water is a leading full-service water-treatment equipment distributor offering a comprehensive product portfolio complemented by value-added design support and aftermarket services. The Vessco family of 40 companies and growing brings deep experience in integrating water-industry businesses—positioning the combined organization to accelerate its growth strategy, broaden its geographic footprint, and pursue expanded capabilities across complementary product and service lines.
“Vessco Water’s acquisition represents a highly compelling outcome for Bender & Unico and comes at an ideal moment for both the company and the broader industry,” said Michael Potter, CEO of Bender. “Vessco Water has a proven track record of integrating and scaling businesses within the water sector, and its capabilities will help accelerate our trajectory and strengthen our position as a leading market participant.”
“Cascadia was the right partner at the right time,” added Michael Potter. “Their deep knowledge of the industrial-services landscape and the skill of their team were instrumental in achieving this result for Bender, Unico, and our employees.”
“The Bender & Unico team has grown the Company into a leading industrial-services platform,” noted Michael Del Pero, Managing Director at Cascadia. “Given current trends favoring specialty industrial services—particularly those supporting domestic infrastructure and critical industries—Bender & Unico were well-positioned to attract significant competitive market interest. We’re honored to have worked with the Potters to help such a high-quality second-generation family business enter its next chapter with a partner that will enhance its momentum and long-term strategic vision.”
This transaction highlights Cascadia’s deep expertise in advising companies across the industrial-services sector and reflects the firm’s ongoing commitment to delivering outstanding outcomes for its clients.