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New Deal


Announced

Completed

FloWorks and Clearlake Capital-backed Sunbelt Supply completed the acquisition of Oliver Equipment Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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custom packaged systems

specialty rotating equipment

onsite services

Acquisition

Friendly

United States

Oil Equipment and Services

Domestic

Single Bidder

Private

Completed

Private Equity

Majority

Synopsis

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FloWorks and Clearlake Capital-backed Sunbelt Supply, a specialty supplier of industrial flow control products, completed the acquisition of Oliver Equipment Company, a provider of specialty rotating equipment, onsite services and custom packaged systems for industrial applications. Financial terms were not disclosed. "We are excited to join Scott and his team in building the best specialty flow solutions platform in the industry, and we are thrilled to add rotating equipment to FloWorks' product solutions. Since 1975, we have grown our business to five locations in order to service some of the best customers in the industry, and we are confident that we will expand our services and customer reach under this new partnership. Our philosophy has always been to provide customers and suppliers with world class engineering, sales and aftermarket support behind the high quality products that we represent. We are excited to be a part of this growing team that shares the same mission," Gale Oliver, OEC President.

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