Fort Capital Partners is pleased to announce that Smith Cameron Group (“Smith Cameron”) has been acquired by Flow Control Group (“FCG”), a portfolio company of KKR.
Smith Cameron is a leader in the distribution of pump and blower products in Canada with additional expertise in fluid sealing, chemical feed, pump parts manufacturing and sewer flow monitoring. The company provides complete life-cycle support for process equipment and value-added solutions to solve tough process challenges for its customers. Leveraging a large portfolio of leading OEM equipment brands, technical services, packaged systems integration capabilities and manufacturing facilities, Smith Cameron provides equipment rebuilds, precision parts and metallurgy upgrades within multiple industries, including Pulp & Paper, Water & Wastewater, Power Generation, Oil & Gas, Chemical Processing and Food & Beverage.
Smith Cameron was acquired in 2011 by an investment group led by Krystal Growth Partners and including CEO Tom Kramer. Since then, Smith Cameron made six acquisitions to expand its product and service offerings and grow its geographic reach to serve customers across Canada and in international markets.
FCG was acquired by KKR’s $13.9 billion KKR Americas XII Fund in February 2021. The acquisition of Smith Cameron accelerates FCG’s strategy to expand its footprint across North America with market leading products and solutions providers. Tom Kramer will remain on board as President of the new Smith Cameron, which will combine with CB Engineering to become FCG’s largest Canadian operating group.
Fort Capital Partners acted as Financial Advisor to Smith Cameron.