Tom and the Board are confident in Lee’s ability to lead the Company through its next phase of rapid growth. Since joining Capital Pump & Equipment as Chief Operating Officer in May 2024, Lee has made an immediate and meaningful impact by focusing on growth, teamwork, and delivering exceptional customer service. Lee brings over 20 years of direct operational, sales, and leadership experience to the CEO role, including 15 years in senior regional leadership positions with United Rentals Fluid Solutions and National Pump & Compressor. During his tenure, Lee successfully led large regional operations, built branch teams, and developed strategies to meet the complex demands of customers across a wide range of industries. Lee also has 5 years of rental experience with Godwin Pumps of America, where he gained invaluable firsthand knowledge of the specialty pump market, and 15 years as a licensed contractor specializing in site development, underground utilities, and road building, further enriching his practical understanding of customer needs and technical challenges.

As CEO, Lee will build on the strong foundation established by Tom Henderson. He will continue to lead with a hands-on approach, working closely with CPE’s outstanding team to deliver innovative, reliable, and timely solutions for our customers. Lee brings a unique balance of technical expertise, industry knowledge, and passion for both people and customers, making him ideally suited to drive the next phase of CPE growth.

Gerry Plescia, Chairman of the Board, reflects on Tom’s contributions:

CPE founder Tom Henderson and current CEO has built an exceptional business since the company’s founding in 2013. Through Tom’s leadership and vision, CPE has become one of the fastest-growing specialty pump rental businesses in the western United States. Under his guidance, CPE has expanded its presence across the Southwest, West, and Gulf regions, built a best-in-class fleet capable of specialized applications, and established a reputation for technical excellence. Revenue and profitability have grown nearly 10x over the past five years, driven by Tom’s commitment to innovation, customer service, and assembling a best-in-class team.

“Tom’s leadership and vision have set the foundation for CPE success. His ability to prioritize customer needs and build a strong, talented team has allowed CPE to thrive. We are fortunate to have Tom remain a vital part of our Board, where his ongoing involvement will help to ensure that the company continues to innovate and grow.”

As we look to the future, Capital Pump & Equipment is well-positioned to continue expanding its services and solutions in industrial services, mining, infrastructure, municipal, commercial construction, oil & gas, and transportation. With the CPE team in place and with a long history of success, the future of CPE is incredibly bright.

Please join us in congratulating Lee on his well-deserved promotion and recognizing Tom for his vision, remarkable contributions, and continued partnership. Together, we look forward to driving even greater success for our customers, teams, and partners in the years ahead.

Sincerely,

Tom Henderson & Gerry Plescia (Board Chairman)

About Capital Pump & Equipment (CPE):
Capital Pump & Equipment (CPE) is a leading specialty rental services company, providing technical support and specialty pump and related equipment to the industrial services, infrastructure, municipal, mining, construction, and oil & gas industries. Founded in 2013 in Chandler, AZ, by Tom Henderson, CPE has rapidly expanded to include a network of 8 branches across the southwest, west, and gulf regions. With one of the youngest and most diverse fleets in the industry and a deep bench of technical talent, CPE is equipped to tackle the most demanding and complex projects. In 2022, CPE partnered with Harkness Capital Partners to accelerate growth, expand its fleet and geographic presence, and continue its mission to provide innovative solutions for its customers.

For more information about CPE: www.cpepumps.com