FloWorks, a specialty flow control distribution platform backed by Clearlake Capital Group LP, has acquired SemiTorr Group, a specialty fluid handling service and components distributor, from Transom Capital Group.
SemiTorr delivers its products and services to high purity, sanitary and general industrials sectors. The firm’s product suite includes processing equipment, pumps, tubing, hoses, valves and more. Additionally, SemiTorr provides end-to-end project management, engineering, design, implementation and supply chain management services.
Over the last seven years, SemiTorr has expanded to 11 distribution centers through acquisitions. Following the deal, the combined company will have over 40 branches around the globe all located in key markets to support customers across targeted end markets.
“We have long admired SemiTorr and what it would bring to our investment in FloWorks, and we could not be more excited about partnering with the Company and its team to build FloWorks into one of the largest global specialty flow control distribution platforms,” said José Feliciano, co-founder and managing partner, and James Pade, partner and managing director, of Clearlake. “FloWorks and SemiTorr have completed and integrated over 10 acquisitions in the last few years, and we are excited to continue executing on our buy-and-build thesis through our O.P.S.® playbook.”
“Three years ago we set a plan with the management team to create a high-purity specialty distribution platform utilizing Transom’s ARMORSM value creation strategy,” said James Oh, managing partner at Transom Capital. “Our investment in both organic and inorganic strategies has grown the platform with further geographic reach and diversification in end markets. We are extremely pleased with the performance of the business and the company is poised for further growth under FloWorks’ ownership.”
RBC Capital Markets, LLC, Jefferies, UBS Investment Bank, Wells Fargo, BNP Paribas, and Audax Private Debt provided debt financing to support the transaction. Vinson & Elkins and Kirkland & Ellis provided legal counsel to Clearlake and FloWorks.