M&A Deal Summary

Audax Private Equity Acquires Flow Control Holdings

On March 15, 2022, private equity firm Audax Private Equity acquired manufacturer Flow Control Holdings from The Edgewater Funds and JZ Partners

Acquisition Highlights
  • This is Audax Private Equity’s 8th transaction in the Manufacturing sector.
  • This is Audax Private Equity’s 146th transaction in the United States.
  • This is Audax Private Equity’s 15th transaction in Illinois.

M&A Deal Summary

Date 2022-03-15
Target Flow Control Holdings
Sector Manufacturing
Buyer(s) Audax Private Equity
Sellers(s) The Edgewater Funds
JZ Partners
Deal Type Secondary Buyout

Target

Flow Control Holdings

Cincinnati, Illinois, United States
Flow Control Holdings specialize in highly engineered sanitary and high purity flow components for market-critical applications within the food, beverage, and pharmaceutical industries. Flow Control Holdings was founded in 2018 and is based in Cincinnati, Illinois.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 151 of 167
Sector (Manufacturing) 8 of 9
Type (Secondary Buyout) 64 of 72
State (Illinois) 15 of 16
Country (United States) 146 of 158
Year (2022) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Stonewall Kitchen

York, Maine, United States

Stonewall Kitchen is a specialty food and home goods producer selling jams and jellies at local farmers' markets with a flavorful line of distinctive and high-quality products. Stonewall expanded the brand to include sauces, condiments, crackers, and baking mixes, always focusing on innovative product development, beautiful packaging, and exceptional guest service. Stonewall Kitchen was founded in 1991 and is based in York, Maine.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Monarch Landscape Companies

Los Angeles, California, United States

Monarch Landscape Companies is a provider of commercial landscaping services. Monarch Landscape Companies was founded in 1969 and is based in Los Angeles, California.

Buy -

Seller(S) 2

SELLER

The Edgewater Funds

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 37 of 42
Sector (Manufacturing) 3 of 5
Type (Secondary Buyout) 12 of 16
State (Illinois) 4 of 5
Country (United States) 36 of 41
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Vertical Bridge

Boca Raton, Florida, United States

Vertical Bridge is an owner and manager of wireless communications infrastructure. Vertical Bridge owns, operates and master leases over 266,000 towers, rooftop, billboard, utility attachment, and other site locations in support of wireless network deployments.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-01 Solgen Enterprises

Pasco, Washington, United States

Solgen Enterprises is a provider of residential solar systems and home financing solutions. Solgen Enterprises was founded in 2022 and is based in Pasco, Washington.

Buy -
SELLER

JZ Partners


Category Private Equity Firm
Founded 1986
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

JZ Partners is a private equity firm focused on acquiring middle-market companies valued up to $200 million. JZ seeks profitable companies with strong management, defensible market positions, and low capital expenditures. Sectors of interest include niche manufacturing, value-added distribution, industrial services, healthcare, education, transportation, and business services. JZ Partners was formed in 1986 and has offices in Chicago and New York City.


DEAL STATS #
Overall 9 of 12
Sector (Manufacturing) 3 of 3
Type (Secondary Buyout) 5 of 6
State (Illinois) 2 of 2
Country (United States) 9 of 12
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Vitalyst

Bala Cynwyd, Pennsylvania, United States

Vitalyst is a provider of remote, desktop application software support services for Fortune 1000 Companies. The Company works in partnership with clients' IT departments as both a Help Desk support enhancement as well as a remote training department for desktop application software. Vitalyst was founded in 1992 and is based in Bala Cynwyd, Pennsylvania.

Sell $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 New Vitality

Hauppauge, New York, United States

New Vitality markets, sells and distributes their own brands of vitamins, nutritional supplements, and similar products via radio, television, catalogues and the Internet. New Vitality was founded in 1993 and is based in Hauppauge, New York.

Sell -