Audax Private Equity announced it has completed a strategic growth investment in Flow Control Holdings, a premier provider of sanitary flow components to producers of foods, beverages and pharmaceuticals. Financial terms of the transaction were not disclosed. Phil Pejovich, CEO of FCH, will continue to lead the Company alongside the existing management team.
Based in Chicago, FCH specializes in providing highly engineered sanitary and high purity flow components (e.g. fittings, valves, hoses, pumps, and other components) for market-critical applications within the food, beverage and pharmaceutical industries around the world. The Company’s brands and products, including Steel & O’Brien and Ace Sanitary, encompass a broad assortment of highly engineered sanitary and high purity flow control components and services.
Baird served as financial advisor to Audax and KPMG served as financial advisor to FCH. Ropes & Gray served as legal counsel to Audax and Dentons LLP served as legal counsel to FCH.
Courtesy of Audax.
