# Wajax acquires Process Flow Systems of Thunder Bay, Ontario

Wajax Corporation acquired the net operating assets of Thunder Bay-based Process Flow Systems Ltd., an industrial pump and valve integrator, for about $3.96 million cash plus an earnout of up to $650,000. The deal was announced January 31, 2022.

- Type: Acquisition
- Announced: 2022-01-31
- Where: Thunder Bay, Ontario, Canada
- Value: $3.10M (3.96M CAD)
- Status: completed
- Products: industrial process pumps, valves, monitoring and control systems
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Wajax](https://endata.com/companies/4043.md) (acquirer)
- [Process Flow Systems Ltd.](https://endata.com/companies/8866.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/wajax-announces-acquisition-of-process-flow-systems-844628629.html), 2022-01-31: "today announced that it has acquired the net operating assets of Thunder Bay, Ontario-based Process Flow Systems Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.