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09/2026

BW Forsyth Partners takes majority stake in FLOW TECHNOLOGY

IRELAND Industrial Equipment / Process Engineering & Production Lines

Context

This operation formalizes the strategic partnership and capital injection initiated by BW Forsyth Partners into Flow Technology, securing a comprehensive corporate handover from the target's historical Owner, Tim Murphy. Announced on September 7, 2026, this cross-border financial transaction structurally integrates the Irish engineering specialist into the American sponsor's broader industrial portfolio, although the precise monetary terms of the transaction remain strictly undisclosed. To orchestrate this multijurisdictional equity agreement, the selling shareholders mandated Clearwater Ireland to act as the exclusive sell-side Corporate Finance advisor, supported by legal counsel from Wallace Corporate Counsel and supplementary transaction execution assistance from Frame International, KTA, and Forvis Mazars. Conversely, the acquiring financial institution retained the investment banking services of CMD Global Partners to navigate the buy-side financial engineering and structure the final investment framework. The core strategic thesis driving this external investment focuses explicitly on financing immediate capacity expansion across the United States and European markets to meet surging institutional demand for specialized biopharmaceutical manufacturing infrastructure. Having recently secured two major contracts supporting the domestic capacity expansion of leading global biopharmaceutical manufacturers in the United States, the acquired entity required institutional backing to scale its complex project execution capabilities. The acquiring fund intends to leverage this newly secured platform to directly support pharmaceutical companies investing heavily in localized supply chains and advanced manufacturing technologies. Furthermore, the integration blueprint outlines a formalized collaboration pathway with the buyer's existing portfolio company, Machine Solutions, Inc. By systematically combining their respective technical and manufacturing expertise, the unified entities are optimally positioned to deliver comprehensive process infrastructure to producers of next-generation therapies. Under the agreed governance structure, the newly partnered platform will continuously operate under its existing executive leadership team, maintaining strict operational continuity while directly accessing the new parent company's extensive financial resources to pursue global commercial opportunities.

FLOW TECHNOLOGY, which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.7x).

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Target

The core industrial activity of Flow Technology revolves around the customized engineering of advanced downstream purification and chromatography systems specifically tailored for stringently regulated manufacturing environments. Founded in 1978 and maintaining its corporate headquarters in Cork, with primary operations anchored in Charleville, Ireland, the enterprise functions as a specialized infrastructure supplier for the global life sciences industry. The company's technical scope encompasses the comprehensive end-to-end design, proprietary fabrication, physical installation, and ongoing lifecycle maintenance of complex production hardware. Field engineering teams are deployed to construct and integrate the highly specialized filtration modules strictly required to process next-generation therapies. Beyond its primary focus on biopharmaceutical clients, the organization adapts its strict sanitary engineering protocols to serve commercial operators within the food, beverage, dairy, and distillery sectors. Operating under the executive direction of Managing Director Kevin Whooley, the organization maintains the technical capacity to manage massive capital equipment deployments. The overarching business model concentrates strictly on addressing the uncompromising production standards and rigid sterilization requirements demanded by industrial operators manufacturing critical therapeutic products on a global scale.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
2025

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REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: flow technology

Acquirer: bw forsyth partners