This acquisition, which is more akin to that of a merger, reflects the drive and ambition that is consistent with the culture of both firms.
Calgary, Alberta (PRWEB) December 07, 2012
Unified Valve Ltd. (UVL) announced today that the company has entered into an agreement to acquire Western Gauge and Instruments Ltd. (WGI) of Calgary, Alberta.
Unified Valve is a full-service valve sales, refurbishment and repair company with operations in Calgary, Brooks, Red Deer, Edmonton and Grande Prairie, Alberta as well as Fort St. John, British Columbia. As Western Canada’s largest private valve service and supplier, Unified Valve specializes in the sales and service of all types of industrial and commercial valves, industrial pumps, compression and tube fittings.
Founded in 1992, Western Gauge and Instruments is privately owned and also operated out of Calgary, specializing in pressure gauges, temperature indicators, needle and ball valves, regulators and electronics. The firm also offers its own line of gauges produced in ISO-certified facilities, which will now be available to UVL customers as well.
“Unified Valve and WGI are both entrepreneurial Calgary-based companies. This acquisition, which is more akin to that of a merger, reflects the drive and ambition that is consistent with the culture of both firms,” said Keith Levoir, UVL President. “The acquisition of WGI allows Unified Valve to expand product offerings to our diverse customer base. Our customers will realize purchasing efficiencies as Unified Valve becomes the most comprehensive provider of valves, gauges and related services.”
The acquisition will allow Unified Valve’s customers and industry partners to fulfill a broader spectrum of products with the firm as their single point of purchase for valves, pumps, and gauges, creating additional market and industrial opportunities for the company.
“This acquisition is but one example of Unified Valve’s commitment to growth and expanding product and services to our customer base,” commented Shane Levoir, UVL Vice President. “It is the first step in a new strategic growth plan that includes both geographic and product expansion, and we are thrilled to partner with Western Gauge in this endeavor.”
With a closing date of December 7, 2012 the acquisition will see a restructuring of both companies to include Kynan Larson appointed to Chief Operating Officer (COO) in addition to his duties as Chief Financial Officer. Ian Boudreau will be promoted to Controller, and the company will continue to be lead by Keith and Shane Levoir.