Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

October 2012


FCX Performance, Inc.
Sale to Harvest Partners


Baird served as the exclusive financial advisor to FCX Performance, Inc.


FCX Performance, Inc. (“FCX” or the “Company”), a portfolio company of Sterling Investment Partners (“Sterling”), recently completed its sale to Harvest Partners (“Harvest”). Terms of the transaction were not disclosed.

FCX is a leading industrial, specialty process flow control distribution company, providing technical, mission critical products and value-added services to more than 15,000 end users, original equipment manufacturers and engineering and construction firms across the process, energy and high purity industries. The Company’s target end markets include chemicals; upstream, midstream and downstream oil and gas; power; steel; pulp and paper; pharmaceuticals; food and beverage and general industrials. FCX provides an array of complementary products including valves, instruments, pumps, hoses, fittings and process flow control equipment, supported by technical expertise, integration, repair and ancillary services. Formed in 1999 and with predecessor company histories dating back to 1950, the Company has 24 locations serving 32 states and over 350 employees. FCX is based in Columbus, Ohio.

Founded in 1991, Sterling has completed platform investments, strategic or add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value in excess of $8.8 billion, representing more than 100 transactions. Sterling maintains a broad industry focus, including business services, industrial and consumer value-added distribution, niche manufacturing and transportation and logistics. Sterling will maintain an ownership stake in the Company. Sterling is based in Westport, Connecticut.

Harvest is a New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle-market companies in North America. Founded in 1981, Harvest focuses on acquiring profitable companies in the business and industrial services, manufacturing and distribution, healthcare, midstream energy, and consumer products and retail sectors.

For additional information about this transaction, please contact:
Managing Director
(813) 273-8248
Director
(813) 273-8242
Managing Director, Head of Financial Sponsor Group
(312) 609-4913
Managing Director, Head of European Investment Banking
+44 (0) 207 667 8216

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