Nilfisk acquires US-based Pressure-Pro

Nilfisk Group has acquired Pressure-Pro, a leading manufacturer of high-pressure cleaners headquartered in Fort Pierce, Fla., effective January 1, 2016.

This acquisition further consolidates Nilfisk’s position in the US market for high-pressure washers following the acquisition of Hydro Tek, Inc. in November 2015. Pressure-Pro has a particularly strong portfolio within cold-water pressure washers, and in combination the two acquisitions establish a significant US platform in high pressure cleaning equipment.

According to Jeff Barna, president of Nilfisk-Americas, “The combination of these two pressure washer businesses will provide additional market access and a broader product range within the high pressure washer market. Together they will also drive front-end synergies by combining Pressure-Pro’s cold water and Eastern US strongholds with Hydro Tek’s hot water and Western US strongholds. We believe that the benefits of our newly combined organization lie within sales growth and business expansion.”

Owners Dale Reed and Ryan Reed will remain in the business in their current roles and help to ensure the continued growth of Pressure-Pro. They will also assist in capturing the synergies with Hydro Tek and with Nilfisk in the US market and abroad.

Jonas Persson, president and CEO of Nilfisk Group, commenting on the acquisition, said, “Our Accelerate strategy contains several levers to ensure growth, one being to continuously look for opportunities to acquire leading manufacturers with solid market access. Uniting the Pressure-Pro and Hydro Tek acquisitions with Nilfisk’s product range and market reach will establish a strong position for Nilfisk in the high-pressure washer market, both in the US and throughout the Americas.”

Pressure-Pro had revenues in 2014 of $40 million and consists of approximately 90 employees. Sales are driven across the country mainly through a strong distributor and dealer network.