East Range Partners acquires Pure Flow, Inc.
PETERBOROUGH – Pure Flow, Inc., an ultra-pure water purification company serving the medical, manufacturing, commercial and institutional sectors across the Northeast, has been acquired by East Range Partners of Cambridge, Mass.
The acquisition was coordinated by John Howe and Ken Schaefer of Business Transition Strategies, an M&A advisory firm with offices in Pembroke, N.H. and Andover, Mass.
Pure Flow was started in 1982 by Charles Skip Iltis, and has grown consistently through the years under his leadership. It provides specialized water purification services and systems. Its customers include many of the top medical institutions in the Northeast as well as numerous manufacturing and commercial enterprises from Connecticut to Maine.
Ultra-pure water systems are critical in variety of applications, ranging from the production of high tech components to dialysis treatments and beyond.
Mr. Iltis will remain active with the company over the next year working alongside the new management team, Tyler Hogan and Michael Donovan, principals of East Range. “I feel the company is in good hands,’ said Mr. Iltis. “It is great to have two young, energetic and top quality people taking the helm.”
Hogan and Donovan formed East Range while completing the MBA program at Harvard Business School. They plan to retain the entire staff and to keep the business in Peterborough.
“We feel privileged to be taking over for Skip and to be working with such a highly skilled team,” commented Tyler Hogan.
“We both will be reaching out to customers to personally assure them that we are committed to the same high standards put in place by Skip through the years,” added Mike Donovan.
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