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New Deal


Announced

Completed

Clearlake Capital-backed FloWorks completed the acquisition of netMercury.

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

Production Technology Equipment

Majority

Domestic

Private Equity

United States

Completed

equipment distribution

Acquisition

Single Bidder

Friendly

Synopsis

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Clearlake Capital-backed FloWorks, a flow control distribution platform, completed the acquisition of netMercury, a specialty parts and services distributor. Financial terms were not disclosed. "I am excited to welcome netMercury to the FloWorks platform as we continue to execute on our organic and M&A-driven growth strategies. This combination provides an exciting opportunity to build on both netMercury's and FloWorks' strong history in the integrated circuit fabrication and broader technology end markets to accelerate our compelling growth plans. We look forward to partnering with Terry and his team to build on netMercury's significant momentum, while continuing our shared 'customers first' focus," Scott Jackson, FloWorks President and CEO.

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