FloWorks Expands with Applied Controls Acquisition
Deal News | Nov 21, 2024 | Wynnchurch Capital
FloWorks International LLC, a leading distributor of critical flow control products and a portfolio company of Wynnchurch Capital, has expanded its technical solutions offerings through the acquisition of Applied Controls LLC and AC Systems Integration LLC. Applied Controls, based in Tulsa, OK, specializes in industrial process controls and analyzer systems. This acquisition enables FloWorks to enhance its product categories and technical solutions for various industrial end markets such as chemicals, refining, and renewables. FloWorks' CEO, Scott Jackson, expressed enthusiasm about the partnership with Applied Controls' founders, recognizing the company's expertise in process control solutions. This transaction marks FloWorks' fourth acquisition in a year, aided by legal advisors Foley & Lardner LLP. Wynnchurch Capital, the private equity firm behind FloWorks, manages substantial assets and focuses on partnering with growth-capable middle-market companies in North America.
Sectors
- Industrial Distribution
- Private Equity
- Industrial Process Controls
Geography
- United States – Both FloWorks and Applied Controls operate within the United States, with corporate locations in Texas and Oklahoma, respectively.
- Canada – Wynnchurch Capital also has an affiliate presence in Canada, emphasizing its North American investment strategy.
Industry
- Industrial Distribution – FloWorks is a specialty distributor of flow control products and this acquisition enhances their distribution and service capabilities.
- Private Equity – Wynnchurch Capital, the private equity firm, manages FloWorks and focuses on middle-market investments to drive growth.
- Industrial Process Controls – Applied Controls operates within industrial process controls, providing technical solutions across various industries.
Financials
- $9.2 billion – Regulatory assets under management by Wynnchurch Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FloWorks International LLC | Acquiring Company | Company | Specializes in the distribution of critical flow control products and solutions. |
| Applied Controls LLC | Target Company | Company | Provider of industrial process controls and analyzer systems headquartered in Tulsa, OK. |
| Wynnchurch Capital | Private Equity Owner | Company | Middle-market private equity investment firm managing FloWorks. |
| Foley & Lardner LLP | Legal Advisor | Company | Provided legal advisory services for the acquisition. |
| Scott Jackson | CEO of FloWorks | Person | Executive leading FloWorks and overseeing its acquisition strategy. |
| Tim Leger | Co-Founder of Applied Controls | Person | Founder and leader within Applied Controls, involved in the strategic transition. |
| Robb Vanskike | Co-Founder of Applied Controls | Person | Co-founder of Applied Controls, participating in the acquisition transition. |