HDL Completes Sale of AWC Division to FloWorks

TORONTO, Mar. 1, 2024 – HDL Capital Inc. (“HDL”) is pleased to announce that it has arranged the sale of the Distribution Division of its client AWC Process Solutions Ltd. to Dallas-based FloWorks LLC, a portfolio company of Wynnchurch Capital, L.P. .

Written by: HDL Capital

AWC’s Distribution Division distributes industrial equipment for many world-class manufacturers of pumps, valves, motors, power distribution and other equipment. Brandon, Miller, President & CEO of AWC commented “We appreciate HDL Capital's efforts in successfully selling a division of our company as a carveout. Their ability to identify a buyer that perfectly matched our needs and objectives was excellent. Throughout the process, HDL Capital provided sound advice, guiding us through each step with professionalism and expertise. Their support was very valuable, and we recommend their services to anyone seeking reliable and effective advisory assistance”.

About HDL Capital Inc.

Founded in 2009, HDL Capital Inc. ("HDL") is a boutique corporate finance advisory firm specializing in Mergers & Acquisitions and advisory services for clients across North America. The HDL team has advised on over 200 private and public transactions totaling over $2 billion in value. In addition to executing Sell-Side and Buy-Side M&A mandates, HDL is one of Canada’s only truly independent providers of well-prepared Valuations and Fairness Opinions. Visit HDL at www.hdlcapital.com

For More Information contact:

Tyler Lang, President tyler@hdlcapital.com

Vijay Malhotra, Vice President vijay@hdlcapital.com

Taj Hussain, Sr. Associate taj@hdlcapital.com