Calder Capital, LLC is pleased to announce the sale of Kalamazoo, Michigan based FlowTech, Inc. to David Kersjes and Steven Remstad (DAAD Holdings, Inc.). The company will continue to operate under the FlowTech name.
For over forty years, FlowTech has been a premier provider of high-quality fluid filtration products and purification equipment for chemical processing, pharmaceutical, electronics, food, beverage and industrial applications. The company’s client base covers the entire state of Michigan representing recognized manufacturers including Parker and 3M.
“After owning this business for 40-years, it was time for me to ensure a transition to new ownership that would value our commitment to high-quality products and services. After signing up with Calder Capital, we had numerous inquiries and ultimately felt that Dave and Steve were the best choice to take our business to the next level. Dave and Steve have an extensive background in engineering, operations, general management and sales. I am confident that, along with our dedicated employees, they will serve our clients and community for many years to come” said Phil Ragains, former owner of FlowTech, Inc.
“Steve and I were looking to acquire a company that fit our skill sets and had the potential to grow further. After looking at numerous businesses, we felt that FlowTech was the right choice for us. We look forward to preserving Phil’s legacy and using that as a strong foundation to grow the business and add even more value for our clients. We are very excited about the future possibilities for FlowTech.” said David Kersjes, the new President of FlowTech, Inc.”We are thrilled to continue to grow our presence in Kalamazoo and Southwest Michigan with this transaction and look forward to serving more business owners in the area”.
Phil Ragains will remain on as a consultant for new ownership to assist with a smooth transition.
According to Calder Capital Managing Partner, Max Friar, “We are thrilled to continue to grow our presence in Kalamazoo and Southwest Michigan with this transaction and look forward to serving more business owners in the manufacturing, distribution and service industry in the area!”
For more information on FlowTech, please visit www.flowtechfilters.com.
Calder Capital, LLC served as the exclusive M&A Advisor to FlowTech, Inc. Pankaj Rajadhyaksha served as Calder’s lead advisor to FlowTech, Inc.