Wynnchurch Capital LP, a Chicago-based middle-market private equity investment firm, has bought FloWorks International LLC, a distributor of flow control products and a provider of technical services for maintenance, repair and operations-focused applications, from Clearlake Capital Group LP.
FloWorks is a flow control distribution company that offers services focused on maintenance, repair and replacement activities. The new investment and recapitalization by Wynnchurch aim to help the company execute its organic and acquisition growth plans.
Robert W. Baird & Co. Inc. and RBC Capital Markets LLC served as financial advisors to Clearlake and FloWorks. Vinson & Elkins and Kirkland & Ellis provided legal counsel to Clearlake and FloWorks.