Flow Control Holdings (“FCH”), a portfolio company of Audax Private Equity and a leading provider of sanitary flow components to pharmaceutical, food and beverage markets, announced today the acquisitions of DSO Fluid Handling Company, Inc. (“DSO”) and Flowtrend, Inc. (“Flowtrend”). Terms of the transactions were not disclosed.
“We are thrilled to welcome two of the leading names for sanitary-aftermarket parts to FCH,” said Scott Kerns, CEO of Flow Control Holdings. “The powerful combination of DSO and Flowtrend further expands our product offering to the food, beverage and pharmaceutical markets and represents a compelling and complementary fit to our growing portfolio of sanitary flow components.”
DSO and Flowtrend are among the market share leaders in the growing segment for sanitary-aftermarket parts. Their growth has been largely attributable to each company’s extensive product offerings and superior service. Bringing DSO and Flowtrend together under the FCH umbrella creates the opportunity to advance the value proposition to our existing customer base and prospective customers.
“FCH’s ownership with DSO and Flowtrend will augment the comprehensive support we already provide to our customers, while reinforcing our growth trajectory. We will continue to grow by making further investments and taking steps to better serve our growing customer base,” noted Kerns.
DSO President Darrin Oppenheim and Flowtrend President Jan Hansen have been appointed to leadership roles as members of the expanded FCH executive team. DSO will maintain an office in New Jersey, where DSO was previously based, while product fulfillment will be migrated to the Steel & O’Brien Manufacturing division of FCH, based in Arcade, New York. Flowtrend will operate out of its existing facility in Houston.
FCH has expanded rapidly in recent months. The expansion into aftermarket parts further solidifies FCH’s emergence as a growing force within the large and fragmented market for sanitary flow components.
“The acquisitions of DSO and Flowtrend, coupled with our prior acquisitions, provide considerable momentum as we become a leader in the sanitary flow control market,” added Kerns. “These two businesses expand our product portfolio and improve our ability to service our existing customer base and prospective customers. We’ve taken an important step in executing against our strategic plans and remain intently focused on acquiring complementary businesses that enhance our offering of components and solutions. We will continue to evaluate opportunities to expand our family of FCH brands in the sanitary flow market.”