Deal Details

FloWorks Is Acquired by Wynnchurch

Industrial

FloWorks, a portfolio company of Clearlake, acquisition by Wynnchurch

Summary

FloWorks International, LLC (“FloWorks” or the “Company”), a portfolio company of Clearlake Capital Group, L.P. (“Clearlake”), was recently acquired by Wynnchurch Capital, L.P. (“Wynnchurch”). Terms of the transaction were not disclosed.

Baird served as lead financial advisor to FloWorks on this transaction.

About

FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications. The Company serves customers across high purity & sanitary, chemicals, downstream refining & renewables and other industrial end markets. FloWorks operates over 50 strategically located facilities that service the major industrial markets of North America, with an emerging presence in Asia. FloWorks’ strong local presence enables the Company to reduce order response time, provide a high level of service and establish long-term customer relationships.

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® Clearlake’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Clearlake is headquartered in Santa Monica, California with affiliates in Dallas, Texas, London, the United Kingdom and Dublin, Ireland.

Wynnchurch was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $5.3 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. Wynnchurch is headquartered in the Chicago suburb of Rosemont, Illinois, with an office in New York, New York and an affiliate in Canada.

Industrial

FloWorks, a portfolio company of Clearlake, acquisition by Wynnchurch