A reciprocating compressor or pump features a manifold arranged not only to define a hollow interior for receiving fluid discharged from a plurality of cylinders but also to define a base or frame on which the cylinders are carried. Unique valves formed in part by flexible material reduces the likelihood of fatigue and increases efficiency by retaining less heat relative to conventional reed valves. A compressor or pump mounted at an end of a handle extending parallel to a motor housing likewise extending from the compressor or pump provides an easy to carry portable assembly. A fan mounted between a motor and a compressor pulls air through the compressor inlet to both cool the motor and feed the compressor. A portable tool system powers both pneumatic and electric tools. Connecting rod structures for radial compressors or pumps provide improved strength and easier assembly.