A Rising Force in Fluid Management
Founded in 2021, Impel Co. has rapidly grown into a key player in the fluid management sector, serving industries such as:
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Water and wastewater treatment
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Food and beverage processing
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Semiconductor manufacturing
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General industrial markets
With NorthSands committing $100 million to the fund, the infusion of capital is expected to accelerate Impel’s expansion into new markets and geographies.
“With our partners’ investment and support, we have transformed Impel into a leading provider of fluid management solutions,” said Impel CEO Doug Staab.
He emphasized the company’s commitment to adding founder partners, expanding capabilities, and building a strong company culture as it scales.
Legal Heavyweights Behind the Deal
The transaction saw top-tier law firms guiding key players:
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Kirkland & Ellis LLP represented Pike Street, Impel, and NorthSands.
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Proskauer Rose LLP advised Painswick Capital.
While full legal team details weren’t immediately available, the continuation fund deal underscores the growing trend of single-asset investment vehicles as a mechanism for private equity firms to retain high-performing portfolio companies while delivering liquidity options to investors.
As Impel’s market footprint expands, this $199 million backing positions it for sustained growth and further industry consolidation, reinforcing Pike Street’s strategic vision in the competitive fluid management space.
