AW Flow Group

AW Flow Group

The Clearwater industrials team have completed yet another deal in the industrials market, with the £24m sale of oil and gas specialist valve manufacturer, AW Flow Group to AIM-Listed engineering firm Hamworthy plc.

AW Flow Group is the holding company of Flow Group Limited, which includes well-known brands such as Shipham Valves, Leeds Valve, John Mills Valves and Robert Cort. Based in Leeds the company employs around 114 people.

Clearwater Corporate Finance advised the shareholders of AW Flow Group on the multi-million pound sale, of which £21.6m is on completion of the deal, with a further £2.4m of deferred consideration payable over the next two years.

Clearwater’s specialist sector knowledge of the flow products industry helped to increase the value to the shareholders of the group and our international connections through the global M&A network IMAP, allowed the team to run a process involving potential buyers from all over the world, including India, Europe and the USA. Clearwater was also able to open a direct dialogue with key decision-makers in the industry thanks to out previous experience in the flow products sector. The team worked with the shareholders of AW Flow Group over a number of years in order to shape the business for sale to the right strategic purchasers.

The deal was led by partners Paul Newell and Constantine Biller and supported by Sebastian Saywood.

Leeds-based AW Flow, will be merged with Hamworthy’s pump systems business to form a new division called Hamworthy Flow Solutions. Hamworthy, which floated in 2004, engineers fluid handling systems and a range of other high technology products and services to the marine and oil and gas industries. The Dorset-headquartered firm operates in 11 countries and employs over 1000 people worldwide.