Logo PR Newswire
PR Newswire

Under Clearlake's ownership, FloWorks transformed into a global specialty distribution platform in the flow control category

SANTA MONICA, Calif. and HOUSTON, Jan. 24, 2023 /PRNewswire/ -- Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") today announced it has completed the sale of a majority interest in FloWorks International, LLC ("FloWorks" or the "Company") to Wynnchurch Capital, L.P. ("Wynnchurch"). Clearlake will retain a minority stake in the go-forward business. Financial terms of the transaction were not disclosed.

FloWorks is a specialty flow control distribution platform providing solutions focused on non-discretionary maintenance, repair, and replacement activities. Under Clearlake's ownership, FloWorks has completed seven strategic acquisitions, further expanding its flow control product portfolio. The new investment and recapitalization by Wynnchurch will enable the Company to continue executing on its organic and acquisition growth plans.

"The strategic transformation executed at FloWorks in partnership with CEO Scott Jackson and his management team represents an exciting success story," said José E. Feliciano, Co-Founder and Managing Partner, and James Pade, Partner and Managing Director, at Clearlake. "We identified FloWorks as an asset that could benefit from our proprietary O.P.S.® value creation framework, which involved acquiring seven regional specialty distributors, divesting non-core business lines, and investing in the Company's customer and people. We are excited to remain an investor in FloWorks and to continue to partner with Scott and his team, as well as Wynnchurch, to further expand the platform."

Mr. Jackson, President and Chief Executive Officer of FloWorks, said, "We are thrilled to have had the opportunity to partner with Clearlake and are appreciative of the strong value-added sponsorship and resources their team dedicated to our business as we pursued growth, which included investing in our team and deploying significant capital to help us provide best-in-class service to our customers. We look forward to continuing to grow FloWorks' capabilities under Wynnchurch with continued support from Clearlake."

Robert W. Baird & Co. Incorporated and RBC Capital Markets, LLC served as financial advisors to Clearlake and FloWorks. Vinson & Elkins and Kirkland & Ellis provided legal counsel to Clearlake and FloWorks.

About Clearlake
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, industrials, and consumer. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. More information is available at and on Twitter @Clearlake.

About FloWorks
FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications. The Company serves customers across high purity & sanitary, chemicals, downstream refining & renewables, and other industrial end markets. FloWorks operates over 50 strategically located facilities that service the major industrial markets of North America and Asia. FloWorks' strong local presence serving customers in these geographic regions enables the Company to reduce order response time, provide a high level of service, and establish long-term customer relationships. More information is available at

About Wynnchurch
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an office in New York and an affiliate in Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch's strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $5.3 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. More information is available at

Media Contacts

For Clearlake:
Jennifer Hurson
(845) 507-0571

For FloWorks:
Elizabeth Hawkins
(713) 948-8809

Cision View original content to download multimedia:

SOURCE Clearlake Capital Group

Logo Benzinga
Business / FinanceBy Pr Newswire2023-01-23 14:55:00
Flow Control Holdings ("FCH"), a portfolio company of Audax Private Equity and leading provider of sanitary flow components to producers of foods, beverages...

Logo NewsFileCorp
Press Release2023-01-23 12:30:00
Toronto, Ontario--(Newsfile Corp. - January 23, 2023) - Wellfield Technologies, Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the " Company " or " Wellfield...

Logo The Business Journals
Technology2023-01-24 11:40:00
Crosslake Technologies, a tech advisory company backed by Charlotte-based Falfurrias Capital Partners, has purchased its fourth business within three years.

Logo Benzinga
Business / FinanceBy Business Wire2023-01-23 21:10:00
Jessica Duran and Laura Felice Appointed to the Board Geoffrey Rosenberger to Retire From the Board Broadstone Net Lease, Inc. BNL ("Broadstone," "BNL," the...

Logo PR Newswire
TechnologyPress Release2023-01-23 16:00:00
VANCOUVER, BC, Jan. 23, 2023 /CNW/ - Through a strategic partnership with SCG Flowmetrix Technical Services Inc. ("SCG Flowmetrix"), infinitii ai inc....

Logo The Business Journals
Business / Finance2023-01-23 18:47:34
A Clearwater investor received hundreds of thousands of dollars to manipulate penny stock prices.

Logo PR Newswire
ROLLING HILLS ESTATES, Calif., Jan. 23, 2023 /PRNewswire/ -- having just closed its latest retail property Dicks Sporting Goods in Topeka KS, in association...

Logo The Business Journals
Business / Finance2023-01-23 11:56:56
TruAmerica Multifamily acquired a 36-acre property for $69.4 million.

Logo Benzinga
Business / FinanceBy Business Wire2023-01-23 22:36:00
$850 Million Redevelopment Project to Begin Immediately Concord Wilshire Capital and TLG Investment Partners (collectively, "Developer"), in partnership with...

Logo Benzinga
Business / FinanceBy Business Wire2023-01-23 22:18:00
Expands Portfolio of Transportation and Storage Infrastructure Assets Arroyo Investors, a Houston-based, independent investment manager focused on power and...

Logo PR Newswire
TechnologyPress Release2023-01-24 11:30:00
PORT MOODY, BC, Jan. 24, 2023 /PRNewswire/ - Traction Complete, the leader in revenue operations apps native to Salesforce, today announced the closing of...

Logo Nasdaq
Business / FinanceBy Fintel2023-01-23 17:17:40
Fintel reports that EcoR1 Capital, LLC has filed a 13G form with the SEC disclosing ownership of 4,478,050 shares of Revolution Medicines Inc ( RVMD ). This...

Logo Nasdaq
Business / FinanceBy Fintel2023-01-23 23:42:38
Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 8,305,250 shares of Republic First Bancorp Inc ( FRBK ). This...

Logo GlobeNewswire
TORONTO, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Middlefield Group is pleased to announce we will be undertaking three mergers to create a more straightforward and...

Business / FinanceBy Miguel R Camus2023-01-23 18:06:00
Tycoon Alfredo Yaos Philippine Business Bank (PBB) is raising P500 million through a stock rights offer next month as it vies for a universal bank license...

Logo PR Newswire
AUSTIN, TX, Jan. 23, 2023 /PRNewswire/ - Aypa Power ("Aypa"), a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage...

Logo Benzinga
Business / FinanceBy Pr Newswire2023-01-23 22:00:00

Logo PR Newswire
VANCOUVER, BC, Jan. 23, 2023 /CNW/ - Trading resumes in: Company: Yorkton Equity Group Inc. TSX-Venture Symbol: YEG All Issues: No Resumption (ET): 3:15 PM...

Logo PR Newswire
HealthPress Release2023-01-23 13:00:00
ST. LOUIS, Jan. 23, 2023 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that it has completed the previously announced divestiture of...

Logo Nasdaq
Business / FinanceBy Fintel2023-01-23 17:36:09
Fintel reports that Jpmorgan Chase & Co has filed a 13G/A form with the SEC disclosing ownership of 1,321,929 shares of Gulfport Energy Corporation (...