Hyflodraulic Limited
Bluewater Group Limited has acquired Hyflodraulic Limited
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Bluewater Group Limited has acquired Hyflodraulic Limited. MNP Corporate Finance Inc. acted as exclusive financial advisor to Hyflodraulic Limited in structuring and negotiating this transaction.
Transaction Brief
This transaction allowed the shareholders of Hyflodraulic Limited (HL) to transition ownership of their business while ensuring its continued growth and success.
Founded in 1983 and headquartered in Mount Pearl, Newfoundland, HL is a leading service provider to the offshore oil and gas industry. HL leverages its highly trained workforce to provide offshore loading system installation, maintenance and recertification, and vessel equipment replacement and maintenance. The company also provides hydraulic design manufacturing and installation, field and diagnostic equipment and services, pressure vessel/accumulator and recertification, mechanical system repair and maintenance, and much more.
Founded in 1974, Bluewater Group Limited (Bluewater Group) is Atlantic Canada’s largest ship supplier and Canada’s largest independent distributor of Mobil-branded lubricants. In addition, the Bluewater Group has provided innovative supply chain and warehouse management plus integrated logistics services specializing in marine and industrial supplies since 2002.