Stamford, CT, January 20, 2021 — Clearview Capital Fund III, LP (“Fund III”) announced today the acquisition of Davis Pump & Electric Motors, Inc. (“Davis”) by its portfolio company, Orchard & Vineyard Supply (“OVS”). The transaction closed on December 18, 2020.
Davis is a leading full-service provider of water pump installation and repair services serving orchards, vineyards, and other end markets throughout the state of Washington.
OVS is a leading agricultural solutions provider offering a broad range of trellis and fabrics systems, irrigation and water systems, agronomy, and farm management services. OVS’ mission is to be a value-added partner and a “one-stop shop” for growers of high-value, permanent crops.
OVS was formed through Fund III’s initial acquisition of Wilson Orchard & Vineyard Supply (based in Yakima, Washington), in partnership with management, from a passive owner in 2016, and subsequent merger with Oregon Vineyard Supply, which had been an ESOP, in 2018. Today, OVS is headquartered in McMinnville, Oregon and operates out of eighteen locations in Washington, Oregon, California and New York. OVS also services growers nationwide through its e-commerce platform, www.orchardvalleysupply.com.
Davis’ owners, Scott and Darin Davis, will continue to manage the operations of Davis as the Washington division of OVS’ Pump & Water Systems business. “I’m excited to be joining a larger organization like OVS,” said Scott. “Partnering with OVS will allow me to focus more of my time on working with clients to offer a more comprehensive suite of services.”
“The acquisition of Davis aligns well with Cascade Water Systems, acquired in July 2020,” added Jason Luster, OVS’ CEO. “The addition of Davis further enhances OVS’ position as the leading provider of innovative irrigation and pumping solutions to the specialty agricultural market in the Pacific Northwest.”
“Davis represents OVS’ sixth acquisition since our original investment in Wilson,” said Matt Rumilly, Partner at Clearview Capital. “The investment in Davis is a continued commitment to expanding service offerings for our customers.”
Clearview Capital Fund III, LP is a $325 million committed fund raised in 2013.
Holdings in funds managed by Clearview Capital include MBI Industrial Medicine, Inc., a leading provider of occupational injury care services; Revo Brand Group, LLC d.b.a. Real Avid, a designer and supplier of premium-branded, DIY shooting accessories for outdoor enthusiasts; Capitol Imaging Services, LLC, a provider of outpatient diagnostic imaging services; Higdon Outdoors, LLC, a designer and supplier of premium-branded hunting and pet accessories; Workforce Solutions, a provider of management consulting services focused on organizational improvement, leadership development, communications and advocacy for a broad array of clients; Apothecare Pharmacy, LLC, an institutional pharmacy targeting the behavioral health sector; Community Medical Services Holdings, LLC, a provider of medication-assisted treatment programs for patients suffering from substance use disorders; UpSwell, LLC f.k.a Mudlick Mail, LLC, a data-driven direct mail and related marketing solutions provider; Nielsen-Kellerman Co., a designer and manufacturer of premium environmental and athletic performance measurement instruments; Orchard & Vineyard Supply f.k.a. Wilson Orchard & Vineyard Supply, a provider of orchard and vineyard supplies and solutions, and outsourced vineyard management services; Controlled Products, LLC, a manufacturer and distributor of premium quality synthetic turf; Elevation Labs f.k.a. Northwest Cosmetic Labs, a formulator and manufacturer of cosmetic and skin care products for prestige brands; Derby Building Products, Inc. f.k.a. Novik, Inc., an innovator, manufacturer and distributor of polymer building products; Child Health Holdings, Inc. d.b.a. Pediatric Health Choice, the country’s largest operator of prescribed pediatric extended care (“PPEC”) centers for medically complex children; and Pyramid Healthcare, Inc., a provider of substance use disorder and mental health treatment programs for adults and adolescents.