Sale to TASI Holdings, Inc.

Industrial
Sale to TASI Holdings, Inc.

Summary

Baird served as financial advisor to Flow Control Enterprises, Inc. on this transaction

About

Flow Control Enterprises, Inc. ("ONICON" or the “Company”), a portfolio company of Harbour Group Industries, Inc. (“Harbour Group”), was recently acquired by TASI Holdings, Inc. (“TASI”), a portfolio company of Berwind Corporation (“Berwind”). Terms of the transaction were not disclosed.

ONICON is a leading provider of precision flow, level and specialty measurement solutions, supporting diverse end markets and niche applications. Through its portfolio of highly recognizable brands, ONICON offers a broad range of proprietary and highly engineered solutions. The Company’s application-specific technology and leading service capabilities enable customers to reliably and accurately measure resource usage and increase process efficiency, often in complex and regulated environments. ONICON is headquartered in Largo, Florida.

Harbour Group is a privately owned, operations-focused firm. Harbour Group's companies are engaged in product-oriented manufacturing of proprietary technologies and niche, value-added distribution across diverse industries. Since its founding in 1976, Harbour Group has acquired over 200 companies across 45 different industries. Harbour Group is headquartered in St. Louis, Missouri.

TASI is a leading global provider of highly engineered test, measurement, inspection and automated assembly systems and solutions for mission critical applications. TASI serves a diverse customer base in the automotive, transportation, life sciences, food and beverage, consumer goods, energy, industrial and pharmaceutical markets. It is comprised of four technologically advanced strategic business segments commonly linked by a disciplined focus on product integrity, package integrity, automation and flow. TASI is headquartered in Harrison, Ohio.

Berwind Corporation, founded in 1886, has evolved from a coal mining company to a highly diversified organization of leading manufacturing and service companies operating in niche markets. The combined companies represent several billion dollars in enterprise value and serve industries including pharmaceutical, specialty chemical, automotive, commercial vehicle, energy and general industrial. Berwind Corporation is headquartered in Philadelphia, Pennsylvania.
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Industrial
Sale to TASI Holdings, Inc.
Date
April 2019
Company
Flow Control Enterprises, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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