Illinois-based Wynnchurch Capital announced Jan. 24 its acquisition of a majority ownership in FloWorks International from fellow private equity firm Clearlake Capital Group. Financial terms of the transaction were not disclosed, though Clearlake retains a minority stake in the business moving forward, according to a news release.
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Founded in 2010, Houston-based FloWorks is a distributor of critical flow control products and a provider of tailored technical solutions for MRO-focused applications. FloWorks acquired Jacksonville, Florida-based valve distributor Flotech in August.
“We have built a strong reputation for providing specialty flow control solutions used in critical applications to our customers,” FloWorks CEO Scott Jackson said in the release. “We are excited to partner with Wynnchurch to further grow our business and expand our product and service offering.”
“FloWorks has built an impressive platform with unique OEM partnerships and diverse end user relationships,” Wynnchurch vice president Kevin Hanley said in the release. “We look forward to working with the FloWorks leadership team as the Company continues to execute on exciting organic initiatives and strategic M&A.”
Other recent Wynnchurch investments include MRO products and services distributor Industrial Service Solutions, protective packaging manufacturer FCA, and mattress retailer Mattress Warehouse.
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