Patterson Pump Company - Comprehensive Analysis Report

Summary

Patterson Pump Company, established in 1988 and headquartered in Toccoa, Georgia, with manufacturing facilities also in Ireland, is a subsidiary of The Gorman-Rupp Company. The company specializes in the design, engineering, and manufacturing of high-performance pumps and packaged systems, serving a wide array of applications globally. Its core mission is to provide reliable pump installations worldwide, with a strong commitment to enhancing safety in fire suppression technology and comfort in HVAC and plumbing markets. Patterson Pump Company's products are extensively utilized in critical sectors such as water supply, irrigation, flood prevention, and wastewater treatment. The company holds an ISO 9001 certification, underscoring its dedication to world-class quality and dependability, and solidifying its significance as a key global provider of essential pumping solutions.

1. Strategic Focus & Objectives

Core Objectives

Patterson Pump Company's strategic focus is centered on delivering modern, high-performance pump solutions for water and wastewater duties, aiming to set industry standards in both domestic and international markets. A key objective is to provide customers with solutions that result in lower maintenance costs, reduced downtime, and prompt delivery of Original Equipment Manufacturer (OEM) parts, fostering long-term operational efficiency and customer satisfaction.

Specialization Areas

The company specializes in the design, engineering, and manufacturing of a comprehensive range of pump solutions. These include industrial and commercial pumps, splitcase pumps, horizontal and vertical centrifugal pumps, non-clogging waste and sewage pumps, axial and mixed flow pumps for flood control and irrigation, multi-purpose vertical turbine pumps, municipal vertical turbine pumps, end suction pumps, vertical in-line pumps, general service pumps, and prepackaged pump systems. Their expertise is built on a reputation for reliability and advanced engineering.

Target Markets

Patterson Pump Company targets a diverse array of market segments globally. These include municipal, industrial, commercial, irrigation, flood control, the building industry (including HVAC), electric power, agriculture, export, the marine industry, mining, the pulp & paper industry, defense, wastewater utility, and water utility sectors across both domestic and international territories.

2. Financial Overview

Funding History

Patterson Pump Company is a privately-held entity and historically has not raised external funding. As a subsidiary of The Gorman-Rupp Company, its financial operations are integrated within the parent company's structure. The company has an estimated annual revenue range of $10 million to $50 million, with a reported revenue of $35.7 million.

3. Product Pipeline

Key Products/Services

Patterson Pump Company offers an extensive portfolio of high-performance pumps and packaged systems designed for diverse and critical applications.

Product Categories: Industrial and commercial pumps, splitcase pumps, horizontal and vertical centrifugal pumps, non-clogging waste and sewage pumps, axial and mixed flow pumps for flood control and irrigation, multi-purpose vertical turbine pumps (MPVT), municipal vertical turbine pumps, end suction pumps, vertical in-line pumps (VIP), general service pumps, and prepackaged pump systems (PATTERSON PRE-PAC).

Proprietary Technologies/Trade Names: The company utilizes specific trade names such as PUMPING TECHNOLOGY FOR TOMORROW'S WORLD, PVT, THE FORCELINE (for Non Clog Pumps), PATTERSON, and PRO-MAX.

Patterson Intuition: This offering provides embedded process knowledge and intuitive built-in functions designed to simplify support and diagnostics, enabling quick and comprehensive issue resolution while ensuring optimum efficiency.

Certifications and Compliance: All Patterson fire pumps and accessories are engineered to meet or exceed applicable codes, including UL and ULC listings, FM and NYBSA approvals, NFPA, VdS, LPCB, CNBOP, and CE certifications worldwide, as well as NFPA-20 standards.

Support Services: The company provides a pump selection program and offers personal training to assist customers in maintaining their equipment, emphasizing service after sale and comprehensive field and factory support.

Target Applications: Water and wastewater duties, fire suppression, HVAC, plumbing, urban water and waste demands, flood control, arid desert reclamation, and electricity generation.

4. Technology & Innovation

Technology Stack

Patterson Pump Company focuses on advanced engineering and manufacturing processes. Their core technological capabilities include the utilization of vertical propeller and mixed flow pumps, single and two-stage centrifugal pumps, and axially split case pumps. A key innovation is "Patterson Intuition," a proprietary system that embeds process knowledge and intuitive functions to streamline support and diagnostics, enhancing operational efficiency and addressing issues rapidly. The company's commitment to technological excellence is also demonstrated through its adherence to stringent global engineering codes and certifications for its fire pumps and accessories, including UL, ULC, FM, NYBSA, NFPA, VdS, LPCB, CNBOP, CE, and NFPA-20 standards.

5. Leadership & Management

Executive Team

Kerby Pope serves as the CEO of Patterson Pump Company.

6. Talent and Growth Indicators

Hiring Trends and Workforce

Patterson Pump Company maintains an estimated employee count ranging from 117 to 180 employees. The company's consistent operations and global reach indicate a stable employment base, supporting its specialized manufacturing and engineering capabilities.

7. Social Media Presence and Engagement

Digital Footprint

Patterson Pump Company maintains a professional social media presence on LinkedIn. The company also provides links to its social media channels directly on its website, utilizing these platforms for brand visibility and communication.

8. Recognition and Awards

Industry Recognition

Patterson Pump Company has received notable industry recognition, including the ISO 9001 certification, which underscores its commitment to world-class quality and dependability. Additionally, Patterson Pump Ireland was honored with the Best Fire Fighting Pump Manufacturer 2018 award in the second annual Irish Enterprise Awards.

9. Competitive Analysis

Major Competitors

Patterson Pump Company operates within a competitive landscape. Its major competitors include Xylem, Crane Pumps & Systems, and Pentair. These companies also offer a range of pumping solutions for industrial, municipal, and commercial applications.

10. Market Analysis

Market Overview

Patterson Pump Company operates in the industrial machinery industry, specifically within the pump manufacturing sector. This market addresses critical needs worldwide, including urban water and waste demands, flood control, arid desert reclamation,