Audax Group Acquires Flow Control Holdings


Audax Group acquisition of Flow Control Holdings, a portfolio company of Edgewater and JZ


Audax Private Equity (“Audax Group”) has completed the acquisition of Flow Control Holdings, LLC (“Flow Control Holdings”), a portfolio company of The Edgewater Funds (“Edgewater”) and JZ Partners (“JZ”). Financial terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Audax Private Equity on this transaction.


Audax Group is a leading alternative investment manager with offices in Boston, New York and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $9 billion in more than 150 platforms and over 1,050 add-on companies and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations and significantly increase equity value.

Flow Control Holdings is a premier provider of highly engineered flow components for the food, beverage and pharmaceutical industries and is the parent company to both Steel & O’Brien Manufacturing and Ace Sanitary. Flow Control Holdings offers a broad portfolio of sanitary and high purity products including pumps, valves, multi-use and single-use hose assemblies, fittings and engineered solutions. Flow Control Holdings is based in Cincinnati, Ohio.

The Edgewater Funds is a private equity firm with over $2.8 billion of capital commitments raised since 2001. Through Edgewater Growth Capital Partners, the firm partners with management to help accelerate growth in their businesses. Edgewater is headquartered in Chicago, Illinois.

JZ Partners has an established track record of investing alongside the owners and management teams of privately held businesses to build successful companies and create long-term value. The principals of JZ Partners have made more than 300 investments, representing an aggregate of over $4 billion, since 1986. JZ is headquartered in Chicago, Illinois and New York, New York,

Audax Group acquisition of Flow Control Holdings, a portfolio company of Edgewater and JZ

April 2022
Audax Private Equity
M&A - Buyside
Flow, Motion and Power Technologies
Target Geography
North America
Acquiror Geography
North America