M&A Deal Summary

FloWorks Acquires SemiTorr

On January 6, 2022, FloWorks acquired distribution company SemiTorr from Transom Capital Group and PNC Mezzanine Capital

Acquisition Highlights
  • This is FloWorks’ 3rd transaction in the Distribution sector.
  • This is FloWorks’ 5th transaction in the United States.
  • This is FloWorks’ 1st transaction in Oregon.

M&A Deal Summary

Date 2022-01-06
Target SemiTorr
Sector Distribution
Buyer(s) FloWorks
Sellers(s) Transom Capital Group
PNC Mezzanine Capital
Deal Type Add-on Acquisition

Target

SemiTorr

Tualatin, Oregon, United States
SemiTorr Group is a sales and distribution company for gas and fluid handling systems and components. Focused on three major market segments high purity, sanitary and industrial – its products include process equipment, pumps, tubing, hoses, fittings, valves, filtration and instrumentation. Semitorr Group was founded in 1988 and is based in Tualatin, Oregon.

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Buyer(S) 1

Buyer

FloWorks

Houston, Texas, United States

Category Company
Founded 1974
Sector Distribution
DESCRIPTION

FloWorks is a specialty distributor of critical flow control products and a provider of tailored technical solutions for MRO-focused applications. The Company serves customers across chemicals, downstream refining & renewables, high purity & sanitary, and other industrial end markets. Its product categories include valves & automation, corrosion-resistant flow control, rotating equipment, flanges, filters & purifiers, and instrumentation. FloWorks was founded in 1974 and is based in Houston, Texas.


DEAL STATS #
Overall 5 of 11
Sector: Distribution M&A 3 of 8
Type: Add-on Acquisition M&A Deals 4 of 10
State: Oregon M&A 1 of 1
Country: United States M&A 5 of 10
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Genesis Systems

Garland, Texas, United States

Genesis Systems is a distributor of control valve, regulator, and valve automation products and systems. The company offers a full range of valve solutions from the world's leading manufacturers, servicing a range of industrial markets, including the petrochemical, power generation, semiconductor, OEM, pharma, building automation, and food & beverage industries. Genesis Systems was formed in 1999 and is based in Garland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 netMercury

Dallas, Texas, United States

netMercury is a specialty parts and services distributor. netMercury was founded in 2000 and is based in Dallas, Texas.

Buy -

Seller(S) 2

SELLER

Transom Capital Group

El Segundo, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Transom Capital Group is an operationally-focused private equity firm that seeks buyouts and control investments in middle-market companies with established revenue streams and business models. Transom is sector agnostic and will consider opportunities throughout North America. Target companies typically have cash-flows up to $100 million. Transom Capital Group was formed in 2008 and is based in El Segundo, California.


DEAL STATS #
Overall 9 of 14
Sector: Distribution M&A 1 of 2
Type: Add-on Acquisition M&A Deals 5 of 8
State: Oregon M&A 1 of 1
Country: United States M&A 9 of 14
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 HeathZenith

Bowling Green, Kentucky, United States

HeathZenith is the manufacturer and marketer of Heath/Zenith branded products. Through innovation, HeathZenith has compiled a large portfolio of patented technologies and products giving us a competitive edge as an industry leader in the intelligent lighting and door chime markets. HeathZenith was founded in 1987 and is based in Bowling Green, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-11 Bose Professional

Hopkinton, Massachusetts, United States

Bose Professional is a manufacturer of pro-AV solutions, dedicated to delivering an incredible sound experience from retail and hospitality to corporate and houses of worship. Bose Professional is based in Hopkinton, Massachusetts.

Buy -
SELLER

PNC Mezzanine Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

PNC Mezzanine Capital is the subordinated debt investing arm of PNC Bank. PNC Mezzanine looks to provide $10 to $50 million of junior capital to middle-market companies in a variety of industries. Prospective companies generally have revenues of $20 million and EBITDA greater than $4 million. Broad sectors of interest include niche manufacturing, value-added distribution, and business or consumer services. PNC will not invest in early-stage or technology-driven businesses; real estate, commodity-based or capital-intensive companies; businesses with high customer or vendor concentration; or declining businesses. PNC Mezzanine was formed in 1989 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 42 of 50
Sector: Distribution M&A 4 of 4
Type: Add-on Acquisition M&A Deals 11 of 15
State: Oregon M&A 1 of 1
Country: United States M&A 41 of 48
Year: 2022 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Sauce Pizza & Wine

Scottsdale, Arizona, United States

Sauce Pizza & Wine is a fast-casual Italian restaurant concept offering freshly prepared pizza, pasta, salad and sandwiches for lunch and dinner. Sauce Pizza & Wine was founded in 2003 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Polycor

Quebec, Quebec, Canada

Polycor is a dimensional stone company in North America, operating a network of quarries, manufacturing facilities, and retail stores. Polycor crafts custom stone blocks, slabs, tiles, mosaics, architectural stone, curbs, and landscaping products sold to diverse end markets. Polycor was founded in 1987 and is based in Quebec City.

Sell -