Varnum is pleased to announce its representation of Bradford White Corporation, an industry-leading manufacturer of water heaters, boilers, and storage tanks, in its recent acquisition of Heat-Flo, Inc., a Massachusetts-based leader in stainless steel indirect water-heating and hydronic storage tanks for residential, commercial, and industrial applications.
Varnum’s deal team was led by corporate partner Jake Droppers and included real estate partner Steve Morren and corporate associate Lauren Parker.
This strategic acquisition results in the broadest portfolio of indirect water-heating solutions in the industry for Bradford White and affirms its unwavering commitment to innovation and meeting the evolving needs of its customers. Heat-Flo’s extensive product portfolio and reputation for quality will complement Bradford White’s existing offerings, enhancing its ability to serve a diverse range of customer needs.
Varnum provided comprehensive legal counsel to Bradford White throughout the acquisition process. The Varnum team was instrumental in negotiating and drafting the purchase agreements, conducting thorough due diligence, and handling all ancillary work related to the transaction.
“It was a pleasure to work with Jake and the entire Varnum team,” said Bruce Carnevale, president and CEO of Bradford White. “The team’s proactive deal counseling ensured a smooth transaction and brought forward strong value to our business.”