US-based middle market private equity firm Wynnchurch Capital, L.P. has acquired a majority ownership in FloWorks International, LLC from Clearlake Capital Group, L.P, the firm said.
Clearlake will retain a minority stake in the go-forward business.
Headquartered in Houston, Texas, FloWorks is a specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications.
Wynnchurch is actively seeking investment opportunities for its USD 2.277bn Fund V. In December 2022, Wynnchurch acquired Industrial Service Solutions, a national provider of MRO-focused field, shop, and supply services.
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies.
Nav Acquires Nuula Assets to Enhance Financial Health Platform for Small Businesses
OpenWeb Acquires Software Firm Jeeng for USD 100m
Opus Inspection to Acquirere Vehicle-Emissions-Testing Firm Applus Technologies
AE Industrial Partners Acquires Stake in REDLattice to Strengthen Position in Cyber Technology Space
El Car Wash Acquires 3 Bill´s Car Wash Sites Expanding Footprint to Greater Orlando Area
Yield App Acquires Trofi Group to Expand Product Suite with Crypto Solutions
CareAcademy Acquires Assets of NextStep Enhance Learning Platform for Certified Nursing Assistants
Iron Bow Technologies Acquires GuardSight to Cybersecurity Solutions Portfolio
Olive Tree Affordable Housing Acquires Multifamily Community in Wilmington, North Carolina
Longevity Biomedical to Merge with SPAC
Ideanomics Closes Acquisition of Electric Commercial Vehicles Maker VIA Motors
Generational Equity Advises Oceanwide Repair in its Recapitalization with Fletch Equity
VillageMD Acquires Family and Internal Medicine Associates in Central Kentucky, USA