December 21, 2017 // Acquisition
Flomatic Corporation has been acquired by Boshart Industries
Stillwater Capital acted as exclusive advisor to Boshart Industries
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.
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.