United Flow Technologies, an H.I.G. Capital Portfolio Company, Expands Its Reach with the Strategic Acquisition of Municipal Valve & Equipment Company

Irvine, CA – July 22, 2024 – United Flow Technologies ("UFT"), a prominent platform focused on the municipal and industrial water and wastewater market, and a valued portfolio company of H.I.G. Capital, is thrilled to announce the completion of the strategic acquisition of Municipal Valve & Equipment Company, Inc. (MVE) on June 7, 2024. This acquisition marks another significant step in UFT's mission to build a market-leading company through transformational acquisitions and organic growth.

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Founded in 1994 and headquartered in Texas, MVE is a leading manufacturers’ representative firm specializing in selling and servicing water and wastewater treatment equipment, valves, and actuators to the waterworks industry in Texas, Oklahoma, Alabama, Louisiana, Mississippi, and the Florida Panhandle. With a long-standing reputation for excellence and a deep commitment to customer service, MVE has established itself as a trusted partner in the water and wastewater treatment sector.

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This acquisition aligns with United Flow Technologies' strategy to enhance its service offerings and expand its geographical footprint in the United States. By integrating MVE into its platform, UFT is poised to leverage synergies, expand its product and service offerings, and deliver enhanced value to its customers in the municipal and industrial water and wastewater markets.

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"We are excited to welcome MVE into the United Flow Technologies team," said Matt Hart, CEO of UFT. "This acquisition is a key milestone in our strategy to build a comprehensive suite of water and wastewater treatment solutions. MVE's expertise and strong market presence in Texas, Oklahoma, Alabama, Louisiana, Mississippi, and the Florida Panhandle complement our existing capabilities and will enable us to offer our customers an even broader range of products and services."

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The MVE team will continue to operate under its well-established brand, ensuring a seamless transition for customers, suppliers, and employees. The combined expertise of UFT and MVE is expected to drive innovation, operational efficiencies, and growth in the water and wastewater treatment markets.

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About United Flow Technologies

United Flow Technologies is a leading provider of process and equipment solutions for the municipal and industrial water and wastewater markets. Established by H.I.G. Capital to invest in and grow companies within this critical sector, UFT aims to build a market-leading company through strategic acquisitions and organic growth. With a focus on innovation and excellence, UFT is dedicated to delivering best-in-class products and services to its customers.

About H.I.G. Capital

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H.I.G. Capital is a leading global private equity and alternative assets investment firm with over $50 billion of equity capital under management. With a broad range of funds and a diverse portfolio of companies, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach. For more information, visit www.higcapital.com.