FloWorks International LLC (FloWorks), a specialty flow control distribution platform backed by Clearlake Capital Group, L.P. (together with its affiliates, Clearlake), has acquired Flotech, Inc. (Flotech), a value-added distributor and servicer of industrial valves. The financial terms of the transaction were not disclosed. Founded in 1961, Flotech is a distributor and servicer of industrial valves and automation solutions across the Southeast, with three locations in Jacksonville, FL, Charleston, SC, and Mobile, AL. The Company’s family of products includes industrial and isolation valves, gate valves, globe valves, check valves, actuation and controls, and safety and relief valves, among others. Flotech also provides a full range of service offerings, including valve maintenance, automation and actuation, heat exchanger maintenance, and testing and certification. The Flotech management team, including CEO Caleb Goelz and President John Allen, will continue with the Company.
Together with Flotech, FloWorks will have over 50 global branches, all strategically located in key markets to support customers focused on the chemical, sanitary, utility, refining, integrated circuit fabrication, pulp and paper, power generation, municipal, microelectronics, life sciences, food & beverage, agriculture, and general industrial end markets.
