Announced
Completed
Financials
Tags
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
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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