Added to YB: 2026-01-19
Pitch date: 2026-01-16
VLN.TO [neutral]
Velan Inc.
Author Info
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Company Info
Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves; gate, globe, and check valves; API 600 cast steel gate, globe, and check valves; corrosion-resistant steel gate, globe, and check valves; API 602 small forged gate, globe, and check valves; API 6D/API 6A through conduit and double expanding gate valves; large forged pressure seal and bolted bonnet gate, globe, and check valves; y-pattern valves; Proquip dual-plate check valves; API 6D/API 6A non slam and swing check valves; quarter-turn valves; resilient-seated ball valves; Securaseal metal-seated ball valves; Coker ball valves; API 6D/API 6A pipeline ball valves; modular double block and bleed ball valves; Torqseal triple-offset butterfly valves; and other products.
Market Cap
CAD 292.3M
Pitch Price
N/A
Price Target
N/A
Dividend
2.13%
EV/EBITDA
11.41
P/E
-6.13
EV/Sales
0.95
Sector
Machinery
Category
special_situation
Velan Inc. TSX:VLN (family shares) were all polished up and ready for sale..
VLN.TO (exited position): Family sold 72% control to Birch Hill at C$13.10/share (52-week low) despite improving nuclear/LNG fundamentals & recent Ontario nuclear & SMR contracts. Misaligned incentives post-deal - mgmt/board now favor PE buyer over minorities. Risk of future take-under at Birch Hill's timing.
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