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Announced

Completed

Clearlake Capital-backed FloWorks completed the acquisition of Genesis Systems.

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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Private Equity

Acquisition

Domestic

United States

Majority

Completed

Single Bidder

Machinery: Construction

control valves

Friendly

Private

Synopsis

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Clearlake Capital-backed FloWorks, a flow solutions providers holding company, completed the acquisition of Genesis Systems, a distributor for valves. Financial terms were not disclosed. "Over the last two decades, Genesis Systems has earned an unmatched reputation in the valve industry for quality and range of solutions, and we are fortunate to add a company of this caliber to the FloWorks platform. Not only will our clients benefit from its breadth of products and depth of experience, but we will also gain access to a premier customer base that we can better assist with our complementary products and services. We welcome Tom, Mark, Mike, and the rest of the Genesis Systems team, and look forward to a strong partnership," Scott Jackson, FloWorks President and CEO.

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