Cork's Flow Technology acquired by US firm
Kevin Whooley, the MD of Charleville-based Flow Technology, which has been acquired by BW Forsyth Partners. Picture: flowtechnology.com
US investment firm BW Forsyth Partners has acquired North Cork firm Flow Technology for an undisclosed sum.
The Charleville-based firm, founded in 1978, provides engineered process systems and skid integration solutions serving the global life sciences industry.
The companies said the deal will support Flow Technology’s continued expansion in the US and Europe, and enhance its ability to serve global pharmaceutical and biotech manufacturers.
Flow Technology has expertise in downstream purification, filtration, and chromatography systems, which positions it to support the increasingly sophisticated process infrastructure required to manufacture next-generation therapies.
Flow Technology recently secured two major US projects for two biopharmaceutical manufacturers investing in their expansion.
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Brian Holthouse, partner at BW Forsyth Partners, said: “For more than four decades, Flow Technology has been a trusted engineering partner to biopharmaceutical manufacturers, helping them execute complex projects safely, efficiently and at scale.
“We are excited to partner with the team in Charleville to provide the support necessary to expand its capabilities, grow its US presence and continue delivering exceptional outcomes for customers.”
Flow Technology managing director Kevin Whooley said: “The biopharmaceutical industry is entering a period of significant investment and innovation, and our customers need partners who can help them scale with confidence.
“This partnership enables us to further invest in our people, enhance our capabilities, broaden our reach and continue delivering the engineered solutions our customers depend on to achieve their manufacturing goals.”
Tim Murphy, the owner of Flow Technology, said: “We have found a partner in Forsyth that shares our culture and commitment to caring for our people, while building on our dedication to engineering excellence and the customers we’ve served for decades.
Flow Technology will continue operating under its existing leadership team while leveraging BW Forsyth’s resources to support future growth.
They said the partnership also creates opportunities to collaborate with Forsyth’s Machine Solutions, an existing Forsyth company and manufacturer of precision manufacturing and automation equipment for the medical and life sciences industry.
Clearwater Ireland served as exclusive sell-side Corporate Finance advisor on this deal. Wallace Corporate Counsel was sell-side legal advisor, with other transaction support provided by Frame International, KTA and Forvis Mazars. CMD Global Partners served as the buy-side advisor.
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