David Kersjes and Steven Remstad (DAAD Holdings) Acquire FlowTech, Inc.
January 1, 2017
FlowTech, Inc., a Kalamazoo, Michigan-based manufacturer of fluid filtration products and purification equipment, was acquired from long-time owner Phil Ragains by individual investors David Kersjes and Steven Remstad (DAAD Holdings, Inc.). The sellers engaged Calder Capital as exclusive M&A advisor; Ragains will remain as a consultant to support the ownership transition while the new owners plan to grow the business.
- Buyers
- David Kersjes, Steven Remstad, DAAD Holdings, Inc.
- Targets
- FlowTech, Inc.
- Sellers
- Phil Ragains
- Industry
- Manufacturing
- Location
- Michigan, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Filtration Group (Madison Industries) Acquires Flow Dry Technology
March 5, 2020
Manufacturing
Filtration Group, a Madison Industries company, acquired Flow Dry Technology, a designer and manufacturer of desiccant bags, value-added assemblies, and moisture-protection solutions. The acquisition marks an exit for Argosy Private Equity, which had owned Flow Dry since 2014; Flow Dry is headquartered in Brookville, Ohio with additional manufacturing facilities in China and Hungary.
-
TransTech Group Acquires Controlling Interest in Teknoflow Green Equipments
March 19, 2026
Industrial Services
TransTech Group acquired a controlling interest in Teknoflow Green Equipments Private Limited in partnership with Teknoflow’s founding family. The deal brings Teknoflow into TransTech’s Engineered Products Group and establishes TransTech’s manufacturing presence in India to expand multi-regional engineered equipment supply for energy and industrial infrastructure markets.
-
Cross Company Acquires Flow-Tech (Hunt Valley, MD)
January 20, 2020
Industrial Services
Cross Company, a 100% employee-owned industrial solutions firm based in Greensboro, North Carolina, has acquired Flow-Tech, a Hunt Valley, Maryland-based process instrumentation sales and service provider. Flow-Tech will join Cross Company's Flow and Safety Technologies group and continue operations in Hunt Valley while extending Cross Company's instrumentation, service capabilities and regional coverage across Virginia, Maryland and the District of Columbia.
-
Apex Group Acquires Flow (FTS Tech, Inc.)
April 8, 2025
Cloud & SaaS
Apex Group Ltd. has acquired FTS Tech, Inc. (trading as Flow), a private-markets SaaS platform that streamlines fund management, onboarding, and investor engagement. The acquisition (Flow brings ~15 employees and $17bn AUA) integrates Flow's technology into Apex's fund administration and middle-office services to expand digital capabilities and deliver an end-to-end private markets infrastructure.
-
ShawKwei & Partners Acquires ZymeFlow
September 7, 2023
Industrial Services
ShawKwei & Partners, an Asian private equity industrial investor, has acquired 100% of ZymeFlow, a Houston-based provider of ecofriendly chemical decontamination products and services for energy and chemical processing facilities. ShawKwei purchased ZymeFlow from investors including controlling shareholder Thompson Street Capital Partners and will partner with ZymeFlow management to expand the company's US and international presence and complement ShawKwei's existing energy transition investments.
-
Clearlake-backed FloWorks Acquires Flotech
August 8, 2022
Industrial Services
FloWorks International LLC, a specialty flow control distribution platform backed by Clearlake Capital, has acquired Flotech, Inc., a value-added distributor and servicer of industrial valves across the U.S. Southeast. The deal adds Flotech's three service locations (Jacksonville, FL; Charleston, SC; Mobile, AL) to FloWorks' network of 50+ branches to expand product offerings (including pressure relief valves) and accelerate end-market growth; financial terms were not disclosed.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.