Exclusive financial advisor to Flow Control Holdings

KPMG Corporate Finance¹ acted as the exclusive financial advisor to Flow Control Holdings (FCH), a portfolio company of The Edgewater Funds and JZ Partners, on its sale to Audax Private Equity (Audax)

FCH, a premier provider of highly engineered flow components for the food, beverage, and pharmaceutical industries, and the parent company to both Steel & O’Brien and Ace Sanitary, announced the completion of a sale to Audax.

Based in Cincinnati, Ohio, FCH offers a broad portfolio of sanitary and high purity products including pumps, valves, multiuse and single-use hose assemblies, fittings, and engineered solutions. FCH differentiates itself with a mission of equipping producers of food, beverages, and pharmaceuticals by providing simplicity and superior service.

“We are thrilled to become part of the Audax family and look forward to benefiting from their expertise and approach to driving transformational growth,” said Phil Pejovich, CEO of FCH. “We are also deeply grateful to The Edgewater Funds and JZ Partners for their investment and partnership over the last three years as we worked together to build a differentiated business that today makes up FCH.”

“FCH has established itself as a leader with a winning value proposition and position in the sanitary process sector,” said Ryan Bruehlmann, Managing Director, Audax. “We see opportunities to scale the business both organically and inorganically. We also look forward to working with Phil and the teams at Steel & O’Brien and Ace Sanitary on the next phase of growth.”

“We are fortunate to have relationships with leading sanitary and high purity distribution partners and are thankful for their receptiveness to our pursuit of simplifying sanitary through superior service. The change in ownership will have no impact on our current day-to-day operations with customers and suppliers. The only difference our customers should expect is that we will be accelerating the speed at which we make doing business easier as we improve our product and service offering moving forward,” added Pejovich.

KPMG Corporate Finance

The global Corporate Finance practice of the KPMG International network of independent member firms was ranked number 1 as the top M&A middle‑market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.