Preston Phipps Inc.

Flow Control Group, a portfolio company of Bertram Capital, has acquired Preston Phipps Inc.

Industry:

Wholesale Trade

Flow Control Group, a portfolio company of Bertram Capital, has acquired Preston Phipps Inc. MNP Corporate Finance Inc. acted as exclusive financial advisor to Preston Phipps Inc. in structuring and negotiating this transaction.

Transaction Brief

Preston is a leading provider of steam, air, hot water, ventilation products and laboratory equipment, providing turnkey solutions for the commercial, industrial and institutional markets in Canada.  

Founded in 1933, the company has garnered a reputation as a specialist in marketing, distribution and servicing of a broad range of industrial steam and condensate systems as well as a wide range of other utility system products. The company is headquartered in Montreal, Quebec and, with 10 offices across Canada, has national reach from coast to coast.

Flow Control Group is a leading distributor of high-value flow control and fluid handling products and services, targeting growing end markets throughout the U.S  and Canada.