BIRMINGHAM, Ala. (March 26, 2026) – Founders is pleased to announce the acquisition of Pump & Process Equipment, Inc. (“Pump & Process”) and Legacy Environmental Process, LLC (“Legacy Environmental”) by CITCO Water, a portfolio company of Trivest Partners. Pump & Process and Legacy Environmental were exclusively advised by principals of Founders Advisors, LLC in this transaction.

Pump & Process, headquartered in Birmingham, Alabama, has built a strong reputation as a trusted manufacturer’s representative in the municipal and industrial water and wastewater markets. Legacy Environmental, based in Leeds, Alabama, specializes in the design and supply of packaged wastewater treatment systems and advanced process solutions. Together, the companies bring expanded engineering expertise, innovative treatment solutions, and strong manufacturer relationships that enhance CITCO Water’s ability to support customers across the full water and wastewater lifecycle.

Jimmy Mulvaney, President at Pump & Process, shared, “We are thrilled to partner with CITCO Water and begin this next chapter of growth for Pump & Process and Legacy Environmental. The Founders Advisors team was an outstanding partner throughout the process, providing thoughtful guidance and deep industry expertise at every step as we identified the right long-term home for the business.”

Evan Klisares, Managing Director at Founders Advisors, said, “It was a pleasure to work alongside the Pump & Process and Legacy Environmental teams on this transaction. Both organizations have built strong, relationship-driven platforms with differentiated capabilities across the water and wastewater ecosystem, and we are excited to see their continued growth as part of CITCO Water’s expanding platform.”

About Pump & Process Equipment, Inc.

Founded in 1992 and headquartered in Birmingham, Alabama, Pump & Process specializes in providing industry-leading process treatment equipment, pumping systems, controls and related water and wastewater equipment to a broad range of customers. Over its 30+ year history, Pump & Process has grown into a premier, turnkey provider in the Southeast, combining exclusive manufacturer relationships with in-house fabrication and service capabilities to deliver high-quality, customized solutions amid increasing infrastructure investment driven by regulatory, population, and water scarcity tailwinds. For more information, visit www.pumpandprocessequipmentinc.com.

About Legacy Environmental Process, LLC

Founded in 2006 and based in Leeds, AL, Legacy Environmental is a leading provider of wastewater treatment package plants and equipment. Legacy has developed innovative systems utilizing technologies such as filtration systems, clarifiers, and lift stations to help communities and industrial customers manage increasingly complex water treatment challenges. For more information, visit www.legacyenvpro.com.

About CITCO Water

Founded in 1931 in Huntington, WV by Charles Irving Thornburg, CITCO has been family-operated since Web Morrison purchased the company in 1958. The organization has grown into a regional leader employing more than 190 people across West Virginia, Kentucky, Tennessee, Pennsylvania, South Carolina, and Virginia. Today, CITCO Water offers six sub-brands providing customers with comprehensive waterworks solutions including chemical, smart meter, integrated technology, hardware, inventory, and repair services. For more information, visit www.citcowater.com.

About Founders Advisors

Founders Advisors brings deep sector expertise in Power and Infrastructure Services, supported by broader experience across Industrial, Technology, Healthcare, and Consumer markets. We provide insight into industry trends, competitive dynamics, and positioning strategies that drive meaningful investor engagement. If you are exploring a potential sale or evaluating strategic options in the Power and Infrastructure Services sector, please feel free to reach out to our team.

To provide securities-related services, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SiPC. Founders M&A Advisory, LLC is a wholly owned subsidiary of Founders Advisors, LLC. Neither Founders Advisors nor Founders M & A Advisory provide investment advice. For more information, please visit www.foundersib.com.