About The Rapid Group
The Rapid Group is a company based in Paterson (United States) founded in 1960 was acquired by Hidden Harbor Capital Partners in October 2022. It operates as a Professional Services. The Rapid Group has completed 1 acquisition, including Deltamotor. The Rapid Group offers products and services including Industrial Piping Solutions, Pump and Motor Repair, and Electrical & Mechanical Contracting.
- Headquarter Paterson, United States
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Rapid Pump & Meter Service Co. And Machinery Services Co.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Hidden Harbor Capital Partners
(Oct 17, 2022)
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Products & Services of The Rapid Group
The Rapid Group offers a comprehensive portfolio of products and services, including Industrial Piping Solutions, Pump and Motor Repair, and Electrical & Mechanical Contracting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Industrial piping solutions are provided for fluid handling systems.
Pump and motor repair services are offered for efficiency.
Electrical and mechanical contracting services are delivered to clients.
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Funding Insights of The Rapid Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The Rapid Group
The Rapid Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Hidden Harbor Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Hidden Harbor Capital Partners is engaged in private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by The Rapid Group
The Rapid Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Deltamotor. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electric motors, pumps, and control systems are sold and serviced.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - The Rapid Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Rapid Group Comparisons
Competitors of The Rapid Group
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about The Rapid Group
When was The Rapid Group founded?
The Rapid Group was founded in 1960.
Where is The Rapid Group located?
The Rapid Group is headquartered in Paterson, United States. It is registered at Paterson, New Jersey, United States.
What does The Rapid Group do?
The Rapid Group, comprising Rapid Pump Meter Service Co. and Machinery Services Co., is engaged in delivering industrial piping solutions, pump and motor repair, and electrical and mechanical contracting. Services are offered to municipalities, industrial sectors, and transportation agencies across the Northeast region of the United States. Comprehensive installation, maintenance, and emergency services are provided to ensure efficient operations and minimal downtime for clients in commercial, industrial, and municipal applications.
What products or services does The Rapid Group offer?
The Rapid Group offers Industrial Piping Solutions, Pump and Motor Repair, and Electrical & Mechanical Contracting.
How many acquisitions has The Rapid Group made?
The Rapid Group has made 1 acquisition, including Deltamotor.
Who are The Rapid Group's investors?
The Rapid Group has 1 investor. Key investors include Hidden Harbor Capital Partners.