FloWorks International LLC (FloWorks), a specialty distributor of critical flow control products and a Wynnchurch Capital, L.P. (Wynnchurch) portfolio company has announced the acquisition of CAC Industrial Equipment Ltd. (CAC).
Headquartered in Victoria, British Columbia, CAC is a distributor of pumps and parts with repair service capabilities. The Company will continue to serve a diverse customer base across mining, aggregate, water, and other industrial end markets.
Scott Jackson, CEO of FloWorks, said of the transaction, “Laurie and his team have built an exceptional business, and we are thrilled to have CAC join the FloWorks platform. CAC strengthens FloWorks’ pumps offering and expands FloWorks’ presence in Canada.”
Laurie Cavaggion, President of CAC, said, “Reaching this next step in CAC Industrial Equipment Ltd.’s journey is thanks to the hard work of our team. We’ve achieved a great deal of momentum, and we’re thrilled to continue our mission with FloWorks.”
CAC represents the fifth acquisition completed by FloWorks under Wynnchurch’s ownership.
Foley & Lardner LLP acted as legal advisor to FloWorks and Wynnchurch.