Majority Stake of FCX Acquired by Private Equity Firm - Modern Distribution Management

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Majority Stake of FCX Acquired by Private Equity Firm

Sterling Investment Partners, Westport, CT, a middle-market private equity firm, has acquired a majority stake in FCX Performance, Inc., Columbus, OH, a specialty flow control distributor serving the industrial valve and automation, and process instrumentation markets. Charles Simon, the founder of FCX, and other senior management will continue to lead the business.
 
William Macey, Jr., a Sterling managing partner, said: We consider FCX a very attractive investment. The vast majority of the company's revenues are recurring in nature. The company has a unique position as a leader in specialty flow control distribution, with an unusually large geographic footprint, excellent technical support capabilities, and sticky customer relationships. FCX has a committed, highly ...
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Sterling Investment Partners, Westport, CT, a middle-market private equity firm, has acquired a majority stake in FCX Performance, Inc., Columbus, OH, a specialty flow control distributor serving the industrial valve and automation, and process instrumentation markets. Charles Simon, the founder of FCX, and other senior management will continue to lead the business.
 
William Macey, Jr., a Sterling managing partner, said: We consider FCX a very attractive investment. The vast majority of the company’s revenues are recurring in nature. The company has a unique position as a leader in specialty flow control distribution, with an unusually large geographic footprint, excellent technical support capabilities, and sticky customer relationships. FCX has a committed, highly experienced management team that has done an impressive job in building the business.” 
 
FCX serves 26 Midwestern and Eastern states through three distribution centers and 15 branch locations. FCX’s value-added services include technical support, process automation products, valve and pump repair and assembly, specialty pipe and hose fabrication, and emergency services. 
 
Sterling Investment Partners maintains a broad industry focus, including professional and business services, manufacturing, transportation and logistics, retail and technology-related businesses.

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