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

Date:
April 2021
Company:
Flow Control Group
Description:
Sale to KKR & Co. Inc.
Sector(s):
Industrial
Distribution
Baird served as the exclusive financial advisor to Flow Control Group on this transaction

Flow Control Group, a portfolio company of Bertram Capital Management, LLC (“Bertram Capital”), was recently acquired by KKR & Co. Inc. (“KKR”) (NYSE: KKR). Terms of the transaction were not disclosed.

Flow Control Group serves as a trusted, value-added distributor and advisor to more than 10,000 customers and 2,000 suppliers in North America for technical flow control and industrial automation products and related services. Customers rely on Flow Control Group for its engineering expertise, technical support, and service capabilities for high value products including air equipment, pumps, valves, process control, and industrial automation, amongst other product categories. Flow Control Group is headquartered in Charlotte, North Carolina.

Bertram Capital is a private equity firm targeting investments in lower middle market companies. Since its inception in 2006, Bertram Capital has raised over $1.9B of capital commitments. In addition to supplying strategic growth capital, Bertram Capital leverages proprietary processes and services, Bertram High-5sm and Bertram Labs, to empower its portfolio companies to unlock their full business potential. The Bertram High-5sm is an operationally-focused value creation strategy, which includes management augmentation, operational initiative implementation, complementary business acquisition, sales and marketing improvements, and leveraging technology and IP.

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.

For additional information about this transaction, please contact:

Jason Kliewer +1-813-273-8242
Nick Troyer +1-813-273-8204
Chris McMahon +1-312-609-4983
John Moriarty +1-303-270-6325
Thomas Fetzer +49-69-1301-4920
Rob Hamill +1-813-273-8243