Vancouver, April 1, 2023 – Commercial Capital Corporation (“CCC”) a national independent investment bank announced it acted as the exclusive financial advisor to WaterTec Irrigations Ltd. and WaterTec Inc. (collectively, “WaterTec”) on its sale to Delta Water Products Ltd.
WaterTec is a leading value-add distributor in the agricultural irrigation industry in British Columbia and the Pacific Northwest. WaterTec distributes irrigation products across North America from three locations in British Columbia and Washington State. In its 25-year history, WaterTec has established deep, specialized knowledge in complex outdoor and greenhouse irrigation systems and prides itself on delivering high-quality, durable systems with the latest technologies.
Chris Wallace, Managing Director at CCC, said “The combination of Delta and Watertec creates a powerhouse within the irrigation business in Western North America. Putting together their individual strengths creates synergy and combining their shared commitment to customer service and engineering know-how establishes them as the true leader in their market.”.
The sale of WaterTec represents another successful engagement completed by CCC Investment Banking and highlights the firm’s expertise within the industrial and distribution industries. Committed to delivering exceptional value, CCC has a proven track record of completing highly customized divestiture processes for complex businesses with specific shareholder objectives.
CCC is a leading independent investment bank with offices in Toronto and Vancouver. For over 50 years, CCC has provided expert advise to clients completing divestitures, acquisitions, capital raises, valuations, and other capital decisions. CCC practices “A Relentless Commitment to Close” and is focused on understanding and achieving its client’s objectives. CCC knows that transactions are complex and require focus and perseverance to achieve exceptional results.
WaterTec Irrigation Ltd. was formed, in February of 1998, by five men with over 80 years of combined experience in irrigation sales, service, and purchasing. The Company has since established itself as a leading expert in agricultural and greenhouse irrigation. The goal then, and now, has been to provide its customers with the best material and service at the best possible price.
About Delta Water Products Ltd.
Delta was established in Kamloops in 1978 from humble roots. Over the past 45 years the company has strategically grown into an industry leader covering 7 segments in the water industry including civil waterworks, drip and agriculture irrigation systems, water treatment, septic, residential & commercial irrigation, as well as we are one of the largest Franklin pump and motor distributors in Canada.