FloWorks Acquires Cranford Equipment Company

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

Headquartered in Kenner, Louisiana, CEC is a distributor of filtration products, serving diverse industrial applications.

Scott Jackson, CEO of FloWorks, commented on the transaction, saying, “Bart and his team have built an exceptional business, and we are excited to add CEC to the FloWorks platform. CEC expands FloWorks’ presence in industrial filtration and enhances capabilities to serve our core flow control customer base with more complete solutions.”

Bart Cranford, CEO of CEC said, “We are excited to partner with FloWorks to expand CEC’s reach and accelerate our growth initiatives.”

CEC represents the seventh acquisition completed by FloWorks under Wynnchurch’s ownership.

Foley & Lardner LLP acted as legal advisor to FloWorks and Wynnchurch. Raymond James acted as financial advisor to CEC.

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 $8.6 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Recently, Wynnchurch acquired Charter Industries, a leading provider of edgebanding and complementary products. Other recent investments include: Astro Shapes, a leading manufacturer of custom aluminum extrusions; Principal Industries, a leading provider of LED components and engineered assemblies; and ORS Nasco, North America’s largest pure wholesaler of industrial MRO supplies. For more information, please visit: http://www.wynnchurch.com or follow us on LinkedIn.