FloWorks Acquires CAC Industrial Equipment

ROSEMONT, Ill.--(BUSINESS WIRE)--FloWorks International LLC (“FloWorks”), a leading specialty distributor of critical flow control products and a Wynnchurch Capital, L.P. (“Wynnchurch”) portfolio company, today announced the acquisition of CAC Industrial Equipment Ltd. (“CAC” or the “Company”).

Headquartered in Victoria, British Columbia, CAC is a distributor of pumps and parts with repair service capabilities. The Company will continue to serve a diverse customer base across mining, aggregate, water, and other industrial end markets.

Scott Jackson, CEO of FloWorks, said of the transaction, “Laurie and his team have built an exceptional business, and we are thrilled to have CAC join the FloWorks platform. CAC strengthens FloWorks’ pumps offering and expands FloWorks’ presence in Canada.”

Laurie Cavaggion, President of CAC, said, “Reaching this next step in CAC Industrial Equipment Ltd.’s journey is thanks to the hard work of our team. We’ve achieved a great deal of momentum, and we’re thrilled to continue our mission with FloWorks.”

CAC represents the fifth acquisition completed by FloWorks under Wynnchurch’s ownership.

Foley & Lardner LLP acted as legal advisor to FloWorks and Wynnchurch.

About FloWorks:

Headquartered in Houston, Texas, FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications. The Company serves customers across chemicals, downstream refining & renewables, high purity & sanitary, and other industrial end markets. FloWorks’ product categories include valves & automation, corrosion resistant flow control, rotating equipment, flanges, filters & purifiers, and instrumentation. For more information, please visit: www.gofloworks.com.

About Wynnchurch Capital:

Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in Canada, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $9.2 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Recently, Wynnchurch acquired Astro Shapes, a leading manufacturer of custom aluminum extrusions. Other recent investments include: Principal Industries, a leading provider of LED components and engineered assemblies; ORS Nasco, North America’s largest pure wholesaler of industrial MRO supplies; and Hydraulic Technologies, a market leader in high-pressure hydraulic tools. For more information, please visit: http://www.wynnchurch.com or follow us on LinkedIn.