Wynnchurch Capital, a leading middle market private equity firm, announced that it has acquired a majority ownership in FloWorks International from Clearlake Capital Group. Clearlake will retain a minority stake in the go-forward business. Headquartered in Houston, Texas, FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications.
“We have built a strong reputation for providing specialty flow control solutions used in critical applications to our customers. We are excited to partner with Wynnchurch to further grow our business and expand our product and service offering,” said Scott Jackson, CEO of FloWorks.
Greg Gleason, Managing Partner at Wynnchurch, said, “FloWorks is a market leader in flow control distribution providing highly engineered products and tailored technical solutions to a diverse customer base. We are excited to partner with Scott and the team to grow the FloWorks platform.”
Kevin Hanley, Vice President at Wynnchurch, said, “FloWorks has built an impressive platform with unique OEM partnerships and diverse end user relationships. We look forward to working with the FloWorks leadership team as the Company continues to execute on exciting organic initiatives and strategic M&A.”
Wynnchurch is actively seeking investment opportunities for its USD 2.277 billion Fund V. In December 2022, Wynnchurch acquired Industrial Service Solutions, a national provider of MRO-focused field, shop, and supply services. Other recent Wynnchurch investments include: FCA, a leading manufacturer of customized industrial protective packaging solutions; Mattress Warehouse, a leading independent mattress retailer with over 300 locations; Premier Franchise Management, the largest U.S. residential pool-build and pool-service franchisor; Appvion, a leading provider of specialty and high performance direct thermal coatings and application tapes; and Owen, a leading provider of critical infrastructure equipment, aftermarket parts and services.