Psalm of Life Capital buys Missouri water treatment maker Wolcott

What's the deal? Psalm of Life Capital LLCDealroom has a profile for this one. Try Dealroom →, a single-family office, has acquired WolcottDealroom has a profile for this one. Try Dealroom → Water Systems for an undisclosed sum. Founded in 1928 and based near Columbia, Missouri, Wolcott makes domestically manufactured water treatment systems for commercial, industrial, and municipal customers nationwide.

Who's involved? The Missouri Rural Investment Fund provided financing and advisory support, and will hold a minority stake in the company. Thomas Brown, director of MRIF and Sutherland Capital, joins Wolcott's board.

What's the endgame? Paul Fox, a founding member of Psalm of Life Capital, becomes Wolcott's executive chairman. He is steering the company toward protein processors, citing partnerships with research and development centers.

"We understand that equipment reliability is critical to our customers' operations," Fox said. He added that Wolcott's portfolio is built to deliver "performance and reliability our customers require at competitive prices."

Why now? The deal keeps a nearly century-old business rooted in rural Missouri. "This transaction helps maintain Wolcott's base of operations in rural Missouri while positioning the company for continued growth," Brown said.

The signal: Psalm of Life Capital invests in middle-market businesses that anchor rural communities, and MRIF is a $21.3M fund backing economic growth and job creation across Missouri. The acquisition pairs private-office capital with state-linked funding to keep manufacturing local while expanding into the protein sector.

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