Flowserve and Hydrogen Optimized signed a memorandum of understanding to advance green hydrogen production, with Flowserve supplying a SIHI Liquid Ring Compressor for a demonstration facility in Ontario.
Flowserve agreed to acquire Velan in an all-cash deal valued at about $245 million (C$329 million), including assumed debt. The transaction is expected to close by the end of the second quarter of 2023.
Oliver Valves was chosen by a Polish compressor manufacturer as main supplier of double block and bleed valves for the Woodfibre LNG export facility near Squamish, British Columbia. The supply covers stainless steel valves from 1/2 to 2 inches rated up to 1500lb.
Oliver Valves has secured a fixed three-year contract to supply valves to the Kaybob Duvernay project in Fox Creek, Alberta, Canada. Orders placed so far are worth over £500,000.
Oliver Valves was selected by a Polish compressor manufacturer as main supplier of double block and bleed valves for the Woodfibre LNG export facility near Squamish, British Columbia.
Unified Valve Group and VALWEST Equipment Ltd., operating as Process and Steam Specialties, have merged to form a single valve and steam equipment service business in Saskatchewan, Alberta, British Columbia and the Northwest Territories. The merger took effect on March 6, 2023.
Flowserve agreed to acquire Canadian industrial valve maker Velan in an all-cash transaction valued at about $245 million (C$329 million), including equity and assumed debt. The deal is expected to close by the end of Q2 2023.
Oliver Valves has secured a fixed three-year contract to supply a large range of valves to the Kaybob Duvernay project at Fox Creek, Alberta, Canada. Orders under the contract so far are worth over £500,000.
Flowserve agreed to acquire Velan, a Montreal-based industrial valve maker, in an all-cash transaction valued at about $245 million including assumed debt. The deal is expected to close by the end of the second quarter of 2023.
Japan's EBARA Corporation acquired 100% of Hayward Gordon L.P., a Toronto-based maker of heavy-duty process pumps and mixers, expanding EBARA's North American presence. The deal value was not disclosed.
NEXCAP Partners, a Quebec investment banking group, has acquired a majority share in Gecko Alliance Group, a pool and spa control systems and pumps manufacturer. Cofounders remain shareholders.
A group of investors led by NEXCAP Partners, including Desjardins Capital, Fonds de Solidarité FTQ and Fondaction, has acquired a controlling interest in Quebec-based spa equipment maker Gecko Alliance Group. Co-founders remain shareholders and Georges Marchildon was named CEO.
Wajax subsidiary Tundra Process Solutions acquired the valve business of Powell Canada Inc., which has 38 staff and facilities in Edmonton, Fort McMurray and Lloydminster, Alberta. The deal was announced on June 30, 2022.
Hunt Valve Company acquired Quebec-based supplier Montreal Bronze Ltd., which becomes a division named MB Valve.
GTA Compressor Solutions Inc. was awarded a Department of National Defence contract for 36 water and pneumatic valves, to be delivered to CFB Halifax and CFB Esquimalt. The contract award date is February 11, 2022.
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.
The Department of National Defence awarded Contro Valve Inc a contract worth CAD 3,255,511.92 for diaphragm stop valves and fluid pressure regulating valves, delivered to CFB Esquimalt and CFB Halifax. The award date was 2 December 2021.
Public Works and Government Services Canada awarded Pumps Plus Ltd. a non-competitive contract for compressors and vacuum pumps for Fisheries and Oceans Canada, with an amendment value of CAD 100,000, on 2021-11-04.
Atlas Copco has acquired CPC Pumps International, a Burlington, Ontario maker of custom-engineered centrifugal pumps with 110 employees, to join its Gas and Process division. The purchase price was not disclosed.
Canada's Public Works and Government Services awarded Aircraft Appliances and Equipment Limited a non-competitive contract worth CAD 3,574,924.50 for 35 powered valves for the Department of National Defence, dated 2021-06-10.
Unified Valve Group Ltd. agreed to distribute Texsteam's full line of chemical injection pumps across Canada, including solar models. Unified will stock pumps and parts and provide service and repair from its Western Canada branches.
The Master Group has acquired Alberta-based Soper's Supply Ltd, a distributor of electric motors, fans, blowers and pumps to the Western Canada market. The deal adds branches in Winnipeg, Edmonton, Calgary, Surrey and Vancouver.
Over 80 Rotork pneumatic actuators have been installed on well pads in Northern Alberta for an in situ steam-assisted gravity drainage oil sands project using a new zero-base design.
Halliburton sold its Canadian progressing cavity pump business line, Europump, to PCM Artificial Lift Solutions, with Sequeira Partners as exclusive sell-side advisor. The deal, in Alberta, strengthens PCM's presence in Canada.
Curtiss-Wright agreed to acquire the stock of Canada's Dyna-Flo Control Valve Services Ltd for CAD$81 million (US$62 million) in cash. Dyna-Flo makes control, isolation and actuator valves for chemical, petrochemical and oil and gas markets.
The Department of National Defence awarded Mobil Valve (Division of Source Atlantic Limited) a contract for valve assemblies and back-up rings, to be delivered to CFB Halifax and CFB Esquimalt. The amendment value is CAD 51,593.14.
Lakeside Process Controls acquired Sudbury-based CW Mechanical Limited, a valve repair and certification services company serving industrial customers in Northern Ontario, effective November 15, 2019. Lakeside plans to build a full service and production facility in Sudbury.
Clarke Valve received provincial approvals from Alberta (ABSA) and Ontario (TSSA) for its Dilating Disk control valve, allowing sales in those provinces on October 2, 2019.
Grundfos Canada broke ground on a roughly C$3.5 million expansion of its Oakville, Ontario facility, roughly doubling it to 48,000 sq ft for warehousing and service. Completion is scheduled for July 2020.
Grundfos Canada plans a $3.5 million expansion of its Oakville service and warehouse location, doubling its size to 2,221 sq. m. Construction starts in July 2019 and is scheduled for completion by July 2020.
Hunt Valve Co, a Salem, Ohio valve maker backed by May River Capital, acquired Montreal Bronze Ltd of Terrebonne, Québec, a supplier of severe-duty bronze marine valves. No financial terms were disclosed.
Smith Cameron Group acquired Westcan Industries and its sister company Indu-Tech, effective March 1, 2019, adding pump rebuild and repair and specialty valve manufacturing for Western Canada from a 45,000 sq ft facility in Langley, British Columbia.
Mueller Water Products signed a definitive agreement to acquire Krausz Industries Ltd for $140 million in cash.
The Canadian government's Canada Economic Development for Quebec Regions announced a CAD 568,220 repayable contribution toward OXO Fab's CAD 2,125,217 project to launch industrial valve manufacturing in Saguenay.
The Department of National Defence awarded Unisource Technology Inc. a contract for safety relief valves for CFB Esquimalt and CFB Halifax, worth USD 211,528. The award was published on 5 October 2018.
Wolseley Canada acquired Calgary-based James Electric Motor Services, a market leader in pump and motor sales and repair in Western Canada, with all 64 employees joining Wolseley. The deal was announced in September 2018.
Plaintree Systems Inc. signed an agreement to purchase all share capital of Spotton Corporation, a maker of custom hydraulic and pneumatic valves and cylinders in Arnprior, Ontario. The consideration is nominal, and Spotton owes Plaintree CAD 1.7 million.
Unisource Technology was awarded a contract by the Department of National Defence for valves, reels, pumps, couplings and filter elements for refueller vehicles, worth CAD 53,242.77. The award was published on 2018-03-13 with a contract award date of 2018-03-12.
Current Water Technologies Inc. closed its acquisition of 100% of Pumptronics Incorporated, paying $700,000 cash, a $100,000 deposit credit, a $400,000 promissory note and 12 million shares.
Tulsar Canada, a manufacturer of water and wastewater control systems and a division of Zoeller Corporation, moved into a new facility in Brant County, Ontario, and plans to quadruple production and workforce there.
Mueller Water Products agreed to acquire Singer Valve, a Surrey, British Columbia maker of automatic control valves, for C$34 million in cash. The deal is expected to close in Mueller's fiscal second quarter of 2017.
Rotork's Calgary facility fitted IQ3 electric actuators to fifteen gate valves for Suncor's Fort Hills oil sands mine in Alberta, and shipped them. Over 1,000 pneumatic actuators were also supplied from Italy and South Korea under the wider relationship.
Rotork shipped fifteen IQ3 electric actuators from its Calgary facility to Suncor's Fort Hills oil sands mine in Alberta, with over 1,000 pneumatic actuators also supplied from Italy and South Korea.