Process Flow Systems Ltd.
Wajax Corporation has acquired the net operating assets of Process Flow Systems Ltd.
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Wajax Corporation has acquired the net operating assets of Process Flow Systems Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to Process Flow Systems Ltd. in structuring and negotiating this transaction.
Transaction Brief
This transaction has allowed the shareholder of Process Flow Systems Ltd. (Process Flow) to implement their succession strategy while ensuring the continued growth of their business under new ownership.
Founded in 1985, Process Flow is a specialist provider and distributor of industrial process pumps, valves, and monitoring and control systems. Serving customers in a range of industries, including mining, pulp and paper, water and wastewater management, and energy generation, Process Flow operates one branch location based in Thunder Bay, Ontario.
Founded in 1858, Wajax Corporation (TSX: WJX) is one of Canada's longest-standing and most diversified industrial products and services providers. Wajax Corporation operates an integrated distribution system providing sales, parts and services to a broad range of customers in diverse sectors of the Canadian economy, including construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities and oil and gas.