The U.S. subsidiary of Hayward Gordon Ltd has acquired Sharpe Mixers Inc, a Seattle, Washington-based provider of mixing solutions in the chemical, industrial and sanitary markets. The value of the transaction was not published. Hayward Gordon, a Canadian manufacturer and distributor of mixers, pumps, and engineered systems for challenging fluid handling applications, said the deal will strengthen and expand its product offerings and technical capabilities. Based in Toronto, the company was acquired by U.S. private equity firm Element Partners in September 2013.
Hayward Gordon US, Inc. Acquires Sharpe Mixers, Inc.
TORONTO, Jan. 6, 2015 /PRNewswire/ — We are excited to announce that Hayward Gordon US, Inc. (“Company”) & Sharpe Mixers Inc., (“Sharpe Mixers”) have joined forces. Jay Dinnison and the Sharpe management team are partnering with Hayward Gordon to better serve customers by further strengthening and expanding our mixer offerings and technical capabilities. As part of the transaction, Jay Dinnison of Sharpe Mixers will remain active in the business in a key product support position.
Based in Seattle, Washington, Sharpe Mixers has served customers for the past 60 years and provides advanced mixing solutions in the chemical, industrial and sanitary markets. Hayward Gordon intends to make significant investment in plant, equipment and people in Sharpe’s Seattle plant to better serve customers in the global market. Jay Dinnison commented on the transaction, “We are proud of our achievements at Sharpe Mixers, and are excited about the future growth opportunities that this partnership brings to our organization.”
Hayward Gordon, headquartered in Toronto, Ontario, Canada designs, manufactures and distributes mixers, pumps, and engineered systems for challenging fluid handling applications in a range of industries including: food, water, mining, chemical, oil & gas, mineral processing, and wastewater treatment. A controlling interest in Hayward Gordon was previously acquired by Element Partners and it serves as a platform for acquisitions of pump and mixer manufacturers focused on abrasive, harsh duty, or other engineered fluid handling applications.
John Hayward, EVP of Hayward Gordon commented on the acquisition of Sharpe, “The fit between the two businesses is well aligned from both a product and market standpoint. Sharpe brings strength in small to medium-sized mixers and in chemical, industrial, pharmaceutical, and sanitary markets whereas Hayward Gordon has been strong in medium to large mixers in mineral processing, oil & gas, and water/wastewater treatment. The addition of Sharpe accelerates our expansion in the U.S. chemical, industrial, pharmaceutical, and sanitary markets with a more complete product offering.”
Bill Dubé, CEO of Hayward Gordon, commented on the transaction, “We are delighted with the excellent synergies for the combined entity. The product fit between Hayward Gordon and Sharpe is complementary and we now offer a broader range of mixers from 1/3 HP to 500 HP. In addition, our combined sales channels will allow us to better serve our markets and support customer’s needs.”
Hayward Gordon was represented in this transaction by England & Company. The Royal Bank of Canada provided a credit facility to support the transaction.
For more information about Hayward Gordon, visit www.haywardgordon.com. For more information on Sharpe Mixers, visit www.sharpemixers.com.
About Element Partners
Element Partners is a leading growth equity firm investing in high-growth companies offering innovative products and services to the global energy, industrial, and environmental markets. Element has a long history of providing companies with the financial resources, industry contacts, and strategic insights necessary to maximize growth and shareholder return. With 125 combined years of experience, the team has successfully managed over $1.25 billion in capital commitments spanning six investment partnerships.
SOURCE Element Partners
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