Applied Controls Sold to FloWorks, Backed by Wynnchurch Capital
Deal News | Dec 05, 2024 | Generational Equity
Applied Controls LLC, a Tulsa, Oklahoma-based company specializing in industrial process controls and analyzer systems, has been sold to FloWorks International LLC. FloWorks, headquartered in Houston, Texas, is a leading distributor of critical flow control products and provides tailored technical solutions. FloWorks is a portfolio company of Wynnchurch Capital, L.P., a private equity firm known for middle-market investments, strategic expertise, and a collaborative approach. The acquisition aims to expand FloWorks' product offerings to include process controls, heat trace, and analyzer systems, furthering its capabilities and market reach. The deal was advised by the Generational Group, which serves privately held businesses in mergers and acquisitions. The purchase is seen as an alignment of core values and a strategic move to leverage combined resources for accelerated growth. Executives involved expressed enthusiasm for the future collaboration between the companies.
Sectors
- Mergers and Acquisitions
- Industrial Automation
- Private Equity
Geography
- United States – The companies involved, such as Applied Controls and FloWorks, are headquartered in the United States, specifically in Oklahoma and Texas.
Industry
- Mergers and Acquisitions – The article revolves around the acquisition of Applied Controls by FloWorks, making mergers and acquisitions a central theme.
- Industrial Automation – Applied Controls specializes in industrial process controls and analyzer systems, which places them in the industrial automation sector.
- Private Equity – Wynnchurch Capital is a private equity firm engaged in the transaction, emphasizing the role of private equity in the deal.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Applied Controls LLC | Target Company | Company | A provider of industrial process controls and analyzer systems headquartered in Tulsa, OK. |
| FloWorks International LLC | Bidding Company | Company | A Houston-based distributor of critical flow control products and provider of technical solutions. |
| Wynnchurch Capital, L.P. | PE Firm | Company | A private equity firm specializing in middle-market investments, backing FloWorks in the acquisition. |
| Generational Group | Mergers and Acquisitions Advisor | Company | An advisory firm specializing in M&A for privately held businesses, advised Applied Controls in the transaction. |
| Tim Leger | Founder of Applied Controls | People | Co-founder of Applied Controls, involved in the sale of the company to FloWorks. |
| Robb Vanskike | Founder of Applied Controls | People | Co-founder of Applied Controls, involved in the sale of the company to FloWorks. |
| Scott Jackson | CEO of FloWorks | People | CEO of FloWorks, overseeing the company's acquisition strategy and operations. |
| Michael Goss | Executive Managing Director, M&A at Generational Group | People | Led the team at Generational Group in advising on the deal. |
| Jon LePage | Senior Vice President, M&A at Generational Group | People | Key figure in executing the transaction for Generational Group. |
| Ken Beckrich | Senior M&A Advisor at Generational Group | People | Established the initial relationship with Applied Controls for Generational Group. |