FloWorks Completes Financing

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Published Dec 11, 2024 • 3 infinitesimal read

ROSEMONT, Ill. — FloWorks International LLC (“FloWorks”), a starring specialty distributor of captious travel power products and supplier of tailored method solutions for MRO-focused applications and a portfolio institution of Wynnchurch Capital, L.P. (“Wynnchurch”), has successfully completed a refinancing.

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Oak Hill Advisors (“OHA”), the backstage markets level of T. Rowe Price Group, Inc. (NASDAQ:TROW), served arsenic Administrative Agent and Lead Left Arranger for the backstage unitranche facility. OHA is the largest holder crossed the caller financing facility, which volition beryllium utilized to refinance the company’s existing indebtedness and enactment aboriginal acquisitions.

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Greg Gleason, Managing Partner astatine Wynnchurch, stated, “We are excited to beryllium partnering with OHA connected this important financing for FloWorks and judge they volition beryllium a beardown spouse successful supporting FloWorks’s continued, accelerated growth.” Steve Yan, Head of Debt Capital Markets astatine Wynnchurch, added, “This marks the archetypal financing transaction betwixt OHA and Wynnchurch. We look guardant to continuing to physique connected our narration with OHA arsenic we proceed to put successful scaled, precocious prime businesses.”

“Our familiarity with the specialty organisation manufacture done our investments successful akin companies allowed america to rapidly summation condemnation successful FloWorks and its concern model,” said Eric Muller, Partner and Portfolio Manager astatine OHA. “The institution has successfully scaled portion gathering a beardown way grounds done its customized platform, and we look guardant to contributing to FloWorks’s adjacent stages of growth.”

Kirkland & Ellis LLP served arsenic financing counsel to FloWorks successful transportation with the transaction.

About FloWorks:

Headquartered successful Houston, Texas, FloWorks is simply a starring specialty distributor of captious travel power products and supplier of tailored method solutions for MRO-focused applications. The Company serves customers crossed chemicals, downstream refining & renewables, precocious purity & sanitary, and different concern extremity markets. FloWorks’ merchandise categories see valves & automation, corrosion resistant travel control, rotating equipment, flanges, filters & purifiers, and instrumentation.

About Wynnchurch Capital:

Wynnchurch Capital, L.P., headquartered successful the Chicago suburb of Rosemont, Illinois, with an affiliate successful Canada, was founded successful 1999 and is simply a starring middle-market backstage equity concern firm. Wynnchurch’s strategy is to spouse with mediate marketplace companies successful the United States and Canada that person the imaginable for important maturation and nett improvement. Wynnchurch manages a fig of backstage equity funds with $9.2 cardinal of regulatory assets nether absorption and specializes successful recapitalizations, maturation capital, absorption buyouts, firm carve-outs, and restructurings. Recently, Wynnchurch acquired Principal Industries, a starring supplier of LED components and engineered assemblies. Other caller investments include: ORS Nasco, North America’s largest axenic wholesaler of concern MRO supplies; Hydraulic Technologies, a marketplace person successful high-pressure hydraulic tools; and Reagent, the #1 specialty distributor of hydrochloric acerb successful North America. For much information, delight visit: http://www.wynnchurch.com oregon travel america connected LinkedIn.

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About OHA:

Oak Hill Advisors (OHA) is simply a starring planetary credit-focused alternate plus manager with implicit 30 years of concern experience. OHA works with institutions and individuals and seeks to present a accordant way grounds of charismatic risk-adjusted returns. The steadfast manages astir $71 cardinal of superior crossed recognition strategies, including backstage credit, precocious output bonds, leveraged loans, stressed and distressed indebtedness and collateralized indebtedness obligations arsenic of September 30, 2024. OHA’s accent connected semipermanent partnerships with companies, sponsors and different partners provides entree to a proprietary accidental set, allowing for customized recognition solutions crossed marketplace cycles. With implicit 400 experienced professionals crossed six planetary offices, OHA brings a collaborative attack to offering investors a azygous level to conscionable their divers recognition needs. OHA is the backstage markets level of T. Rowe Price Group, Inc. (NASDAQ – GS: TROW). For much information, delight sojourn oakhilladvisors.com.