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.
Proax Technologies is Ontario’s leading industrial automation components distributor, based in Oakville, Ontario. In spring 2012, Proax’s management team’s strategic plan was to grow in the mining and natural resources market. They decided that the right acquisition was better than a green field approach.