|The US-based manufacturer of valves, Flomatic Corporation, has been acquired by the Canadian Boshart Industries.|
|Target Company Name||Flomatic Corporation|
|Target Country||United States|
|Buyer Name / MBO Team / MBI Team||Boshart Industries|
Situation: Boshart Industries is a leading Ontario-based distributor and manufacturer of products for the water industry. They were seeking a key strategic acquisition to grow in the valve manufacturing market, and had identified Flomatic Corporation as a possible acquisition target. Based in Glens Falls, NY, Flomatic is the leading name in valve manufacturing globally, owned by New York Stock Exchange-listed Watts Water Technologies Inc.
Solution: CFA Toronto West was hired in February 2012 by Boshart Industries to negotiate and advise on the acquisition of Flomatic. The LOI was signed summer 2012. The acquisition of Flomatic Corporation by Boshart Industries was completed and announced December 21, 2012. Flomatic is a marquee brand that was a perfect strategic fit for Boshart Industries.
|ICFG Office||Toronto, Canada|
|ICFG Advisory||cfa Toronto, member of ICFG, advised the buyer in 2012..|