Wajax Subsidiary Acquires Powell Valve

Tundra Process Solutions Ltd. acquired the valve business Powell Canada Inc., which specializes in valve sales, service and support.
MDM reported more than two-dozen deals during the month, featuring companies such as Graybar, MSC Industrial Supply, Parts Town, SBP Holdings, US LBM and Winsupply.

On June 30, Toronto-based Wajax announced that its subsidiary, western Canadian maintenance and technical services provider Tundra Process Solutions Ltd., acquired the valve business of Powell Canada Inc. 

Powell Valve specializes in valve sales, service and support, and operates out of Edmonton, Fort McMurray and Lloydminster, Alberta.

“The acquisition adds substantially to Tundra’s valve servicing capabilities, including field-level support, and increases our geographic reach,” said Ash Allers, CEO of Tundra. “The newly acquired facilities in Edmonton and Fort McMurray will also provide increased capacity for pressure safety valve testing, assembly and recertification. We are very excited to welcome Powell Valve’s exceptional team to the Tundra and Wajax families.”

The financial terms of the transaction were not disclosed. 

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