Neuberger Private Markets, a division of Neuberger Berman, and KKR, Flow Control’s existing investor, have agreed to jointly acquire Flow Control Group, a North American distributor of technical flow control and industrial automation services.
Funds managed by KKR will maintain a controlling stake, while Neuberger will take a significant minority position. The transaction is expected to close in Q2 2026, subject to regulatory approvals. Founded as a network of specialized distributors, Flow Control Group provides mission-critical products, services and engineered solutions across industries such as water and wastewater, life sciences, aerospace and defense, food and beverage and power generation. FCG now employs more than 3,000 people, including over 1,000 technical sales professionals and 600 service technicians.