M&A Deal Summary

Flow Control Holdings Acquires Steel & O Brien

On July 24, 2019, Flow Control Holdings acquired manufacturer Steel & O Brien from The Edgewater Funds and JZ Partners

Acquisition Highlights
  • This is Flow Control Holdings’ 1st transaction in the Manufacturing sector.
  • This is Flow Control Holdings’ 1st transaction in the United States.
  • This is Flow Control Holdings’ 1st transaction in New York.

M&A Deal Summary

Date 2019-07-24
Target Steel & O Brien
Sector Manufacturing
Buyer(s) Flow Control Holdings
Sellers(s) The Edgewater Funds
JZ Partners
Deal Type Add-on Acquisition

Target

Steel & O Brien

Arcade, New York, United States
Steel & O'Brien is a manufacturer and supplier of Sanitary and Biopharmaceutical (BPE) stainless steel fittings, valves, and tubing primarily for the food, beverage, dairy, and pharmaceutical industries. Steel & O'Brien was founded in 1990 and is based in Arcade, New York.

Search 201,292 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

Flow Control Holdings

Cincinnati, Illinois, United States

Category Company
Founded 2018
Sector Manufacturing
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 7
Sector (Manufacturing) 1 of 6
Type (Add-on Acquisition) 1 of 7
State (New York) 1 of 1
Country (United States) 1 of 7
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Ace Sanitary

Cincinnati, Ohio, United States

Ace Sanitary, Inc. is a provider of flexible hose products for sanitary and high purity applications serving the food, beverage, and pharmaceutical markets. In addition to the flexible hose products marketed under the Flex-Rite and Seal-Rite brands, Ace Sanitary offers a variety of flow control fittings, assemblies, and equipment. Ace Sanitary was founded in 2004 and is based in Cincinnati, Ohio.

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 32 of 42
Sector (Manufacturing) 2 of 5
Type (Add-on Acquisition) 17 of 19
State (New York) 3 of 3
Country (United States) 31 of 41
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Confluent Health

Louisville, Kentucky, United States

Confluent Health is a physical and occupational therapy-focused provider. Confluent provides outpatient physical and occupational therapy services across a network of approximately 200 clinics in twelve states; pre-graduate hybrid Doctor of Physical Therapy programs in partnership with leading universities and post-graduate certification, residency, and fellowship programs for physical therapists; and occupational health & safety services at over 500 corporate locations. Confluent Health was founded in 2014 and is based in Louisville, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 Elevate Patient Financial Solutions

Spring, Texas, United States

Elevate Patient Financial Solutions is a provider of technology-enabled revenue cycle management services for hospitals, health systems, and healthcare providers. Elevate Patient Financial Solutions proprietary technology platform offers a unified suite of solutions designed to engage patients, empower physicians and hospitals, and improve financial outcomes throughout the entire healthcare continuum. For four decades, the company has been providing innovative solutions to the medical community and serving hundreds of millions of patients across numerous medical specialties. Elevate Patient Financial Solutions was founded in 1980 and is based in Spring, Texas.

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 6 of 12
Sector (Manufacturing) 2 of 3
Type (Add-on Acquisition) 2 of 5
State (New York) 1 of 2
Country (United States) 6 of 12
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-21 Steel & O Brien

Arcade, New York, United States

Steel & O'Brien is a manufacturer and supplier of Sanitary and Biopharmaceutical (BPE) stainless steel fittings, valves, and tubing primarily for the food, beverage, dairy, and pharmaceutical industries. Steel & O'Brien was founded in 1990 and is based in Arcade, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-29 Priority Express Courier

Boothwyn, Pennsylvania, United States

Priority Express Courier, Inc. is a provider of same-day express delivery services to laboratories, health systems, and multiple other high-touch industries. Priority Express serves a variety of customers out of its 5 distribution facilities in the northeast and mid-Atlantic regions.

Sell -