A Penticton company that specializes in agricultural spraying equipment and products has been sold.

SVG Capital Group (a division of Spence Valuation Group) acted as the financial advisor to the shareholders of Slimline Manufacturing Ltd. on the sale of the company to Decisive Dividend Corporation of Kelowna.

Since being acquired by Kim Blagborne in 1990, Slimline has operated as a manufacturer and distributor of agricultural sprayers and wastewater evaporators in Penticton.

Decisive Dividend Corporation announced it paid $7 million – $6 million in cash and the rest in common shares – for Slimline, a company best known for its agricultural spraying systems.

Photo Credit: Facebook Slimline Manufacturing Ltd.Penticton's Slimline Manufacturing Ltd., which produces a wide array of equipment used in agricultural spraying, has been sold to Kelowna's Decisive Dividend Corporation.

The company sells its agricultural products throughout North America through its large dealer network and evaporator products around the world. Slimline has grown significantly in size over the recent years and Decisive Dividend is poised to further expand this fantastic local employer.

The shareholders of Slimline retained SVG Capital Group as its financial intermediary to market the business and manage the entire transaction process.

Photo Credit: Facebook Slimline Manufacturing Ltd.

According to Donald Spence, Managing Partner of SVG Capital, this is a good deal for investors and his company.

“The current demand in the marketplace for mid-size privately-held businesses, especially manufacturing businesses, is extremely high,” he said. “The response to Slimline was very strong with many indicated buyers.”

Photo Credit: Facebook Slimline Manufacturing Ltd.

SVG Capital Group successfully managed this process and assisted with the closing of the transaction on May 30.

SVG Capital Group is a firm of market driven transaction advisors focused exclusively on the purchase and sale of mid-market businesses and the raising of debt and equity capital. SVG Capital Group and its advisors have over 50 years of experience in valuing and advising on the buying and selling of businesses throughout Canada.

Photo Credit: Facebook Slimline Manufacturing Ltd.

Decisive Dividend Corporation is an acquisition-oriented company, focusing on the manufacturing sector.

The corporation uses a disciplined acquisition strategy to identify already profitable, established companies that have strong management teams, generate steady cash flow, operate in non-cyclical markets, and have opportunity for future growth.