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KKR Buys Flow Control Group from Fellow Investment Firm
Charlotte, NC-based Flow Control Group distributes mission-critical flow control and industrial automation products to more than 10,000 customers.
Feb 17th, 2021
NEW YORK KKR, a global investment firm, announced Wednesday that it has entered into an agreement to acquire Flow Control Group, a distributor of mission-critical flow control and industrial automation products, from Bertram Capital.
Headquartered in Charlotte, NC, Flow Control Group serves as a trusted, value-added distributor and advisor to more than 10,000 customers and 2,000 suppliers in North America for technical flow control and industrial automation products and related services. Customers rely on Flow Control Group for their engineering expertise, technical support, and service capabilities for high value products including air equipment, pumps, valves, process control, and industrial automation, amongst other product categories.
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FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid
(Reuters) - KKR & Co Inc said on Wednesday it has agreed to acquire industrial firm Flow Control Group from private equity firm Bertram Capital.
Terms of the deal were not disclosed, but a person familiar with the matter said the deal values Flow Control at more than $1 billion, including debt.
Headquartered in Charlotte, North Carolina, Flow Control provides industrial machinery and engineering systems, including pumps, valves and air compressors, to more than 10,000 customers in the United States and Canada. The company was founded in 2014 and was acquired by Bertram Capital from buyout firm AEA Investors in 2019.
Press release content from Business Wire. The AP news staff was not involved in its creation.
KKR to Acquire Flow Control Group from Bertram Capital
February 17, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 17, 2021
KKR, a leading global investment firm, today announced it has entered into an agreement to acquire Flow Control Group, a leading distributor of mission-critical flow control and industrial automation products, from Bertram Capital.
Headquartered in Charlotte, North Carolina, Flow Control Group serves as a trusted, value-added distributor and advisor to more than 10,000 customers and 2,000 suppliers in North America for technical flow control and industrial automation products and related services. Customers rely on Flow Control Group for their engineering expertise, technical support, and service capabilities for high value products including air equipment, pumps, valves, process control, and industrial automation, amongst other product categories.
KKR to Acquire Flow Control Group from Bertram Capital mdm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mdm.com Daily Mail and Mail on Sunday newspapers.