Wynnchurch Capital Acquires Applied Controls from Generational Group

Generational Group advised Applied Controls Corporation in its sale to Wynnchurch Capital's FloWorks International LLC. Applied Controls provides industrial process controls and analyzer systems, serving a diverse customer base across various end markets. FloWorks is a leading specialty distributor of critical flow control products and a Wynnchurch portfolio company. The acquisition expands FloWorks' product offering to include process controls, heat trace, and analyzer systems, broadening technical solutions for customers.

The financial landscape is constantly evolving, with businesses seeking innovative solutions to stay competitive. In the realm of industrial process controls and analyzer systems, two industry powerhouses have recently joined forces. Generational Group, a leading investment banking firm, advised Applied Controls Corporation in its sale to FloWorks International LLC, a Wynnchurch Capital portfolio company [1].

Applied Controls, based in Tulsa, Oklahoma, is a prominent provider of industrial process controls and analyzer systems, catering to a diverse range of industries, including chemicals, downstream refining, high purity and sanitary, and more [1]. With a long-standing reputation for technical expertise and exceptional customer service, Applied Controls has been a valuable player in the market [1].

The acquisition by FloWorks, a leading specialty distributor of critical flow control products, is expected to significantly expand FloWorks' product offering [1]. This strategic move will broaden FloWorks' technical solutions for customers, enabling the company to address a wider range of industrial needs [1].

FloWorks, headquartered in Houston, Texas, has been actively expanding its reach in the market. The acquisition of Applied Controls marks the fourth acquisition completed by FloWorks in the past twelve months [1]. This growth trajectory underscores FloWorks' commitment to delivering comprehensive solutions to its customers.

The deal is expected to bring numerous benefits to both parties. Applied Controls will leverage FloWorks' extensive resources to accelerate its growth and expand its market reach [1]. Meanwhile, FloWorks will enhance its product offering, positioning itself as a one-stop-shop for industrial process control needs.

Scott Jackson, CEO of FloWorks, expressed his excitement about the transaction, stating, "Applied Controls has a long track record of technical expertise and customer service. We are excited to partner with Tim, Robb and the team at Applied Controls to accelerate the company’s growth" [1]. Tim Leger and Robb Vanskike, Founders of Applied Controls, shared similar sentiments, saying, "This is an exciting new chapter in our company’s history. We are thrilled to join forces with FloWorks and leverage the breadth of resources FloWorks provides" [1].

The legal aspects of the transaction were handled by Foley & Lardner LLP, acting as legal advisor to FloWorks and Wynnchurch [1].

As the industrial process control market continues to evolve, the strategic partnership between FloWorks and Applied Controls is poised to create new opportunities and deliver innovative solutions to customers.

References:
[1] https://www.wynnchurch.com/news/floworks-acquires-applied-controls