Flowline Industries Inc. was a valve manufacturing company with operations in Calgary, Vancouver and Aberdeen, Scotland. The company serviced a variety of domestic and international customers primarily in the oil & gas and pulp & paper markets.
StoneBridge invested in Flowline in December 1997 and concurrently arranged investments by institutional and high net worth investors which facilitated the buyout of a minority shareholder. We directed the company's $1.0 Million private placement on July17, 1998 and played an active role in preparing the company for its business combination with a strategic purchaser in the valve manufacturing industry in August 1999.
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