B.C. buy

Ottawa-based Seprotech Systems Inc. Seprotech.jpgbuys P.J. Hannah Equipment Sales Corp., a wastewater treatment company with complementary technology. The terms of the deal will see Seprotech paying up to $1.15 million in cash and stock for the Surrey, B.C. company, if certain sale targets are met over the next three years. Operating in Surrey as a division of Seprotech, P.J. Hannah will retain all of its staff, and founder Peter Hannah will stay on as a consultant to the merged company. The acquisition is expected to be finalized by the end of November, subject to regulatory approval.

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