Wajax

Tundra Process Solutions, a wholly-owned subsidiary of Wajax Corporation, has acquired Powell Valve, the valve business division of Powell Canada Inc. Powell Valve has 38 employees and three facilities, which will expand Tundra's valve servicing capabilities and geographic reach.

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.

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.

Wajax Corporation agreed to acquire all shares of Tundra Process Solutions, an Alberta industrial maintenance and process equipment distributor, for total consideration of $99.1 million, paid in cash and shares. Closing is expected early in Q1 2021, subject to approvals.

Wajax Corporation has acquired all shares of Montréal-based Groupe Delom Inc., a maintenance and repair provider for electromechanical and rotating equipment, for a purchase price of $51.8 million with $2.0 million contingent on performance targets. Delom has six branches in Eastern Canada.