January 4, 2012 (Oakville, ON) – Douglas Nix, Vice Chairman of Corporate Finance Associates, is pleased to announce CFA Toronto’s 7th completed transaction of 2012 and CFA’s 43rd mid-market North American transaction of the year.
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 CFA Toronto West. 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 Corporate Finance Associates
Corporate Finance Associates is one of the top ten investment banks in North America. In 2012, CFA has completed 43 mid-market M&A transactions. Founded in 1956, it has 20 offices in North America and 14 affiliates in Europe, Asia and South America. Since it’s founding, CFA has completed more than 5,000 transactions.
For more information contact:
Douglas Nix, CA | Vice Chairman CFA
905 845 4340 ext. 211