February 4, 2012 //
January 4, 2012 (Oakville, ON) – Douglas Nix, Chairman of Stillwater Capital, is pleased to announce Stillwater’s 7th completed transaction of 2012.
On December 21, 2012, Milverton, Ontario-based Boshart Industries, a leading North American manufacturer and distributor of products for the plumbing and water well markets, announced it has acquired Flomatic Corporation, a subsidiary of Watts Water Technologies, Inc. The sale excludes the backflow product line of Flomatic Corporation, which was retained by Watts. Boshart Industries was represented by Stillwater Capital. Terms of the transaction were not disclosed.
Flomatic Corporation, located in Glens Falls, New York, is a global leader in manufacturing and selling check valves, foot valves and automatic hydraulic control valves for the well water industry.
Boshart Industries, founded in 1955, is a manufacturer and master distributor serving the North American plumbing, water well, sump and sewage, irrigation, industrial, and pool and spa wholesale markets. Boshart has locations in Milverton, Ontario, Canada and Sacramento, California. Gary Boshart, owner of Boshart Industries, stated “This acquisition will only strengthen both companies as we both share the same vision and commitment to excellence.”
No changes are anticipated in the management of either Boshart or Flomatic operations.
About Stillwater Capital
Stillwater Capital is one of North America’s leading mid-market M&A advisors and experts in the Transportation and Logistics industry, having completed over 100 transactions in the past 18 years.
Stillwater is passionate about helping owners realize maximum value in the sale of their business. We believe that people who spend their lives building a company deserve the absolute best advice to ensure that hard work is rewarded in full.
Based out of Toronto, Canada, Stillwater is a member of the world’s premier professional advisory group, Geneva Capital Group, connected to 26,000 of the world’s best legal, accounting, and M&A professionals in over 750 offices in 140 countries.