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New Deal


Announced

Audax Private Equity-backed Flow Control Holdings to acquire Andron Stainless.

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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Friendly

Private Equity

Single Bidder

stainless steel

manufacturing

Iron and Steel

Pending

United States

Majority

Private

Acquisition

Domestic

Synopsis

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Audax Private Equity-backed Flow Control Holdings, a highly engineered flow components provider, agreed to acquire Andron Stainless, a stainless steel products manufacturer. Financial terms were not disclosed. “We are excited to welcome Andron to the FCH family. This acquisition further expands our presence and capabilities in the food, beverage and pharmaceutical markets that we serve. We are particularly excited about Andron’s competency in machining and fabricating stainless steel components and assemblies for sanitary applications,” Scott Kerns, Flow Control Holdings CEO.

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