NEW YORK -- KKR, a global investment firm, announced it has entered into an agreement to acquire Flow Control Group, a distributor of mission-critical flow control and industrial automation products, from Bertram Capital.
Headquartered in Charlotte, North Carolina, Flow Control Group serves as a 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 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.
Since 2011, KKR’s Industrials team has focused on employee engagement as a key driver in building stronger businesses. The strategy’s cornerstone has been to allow all employees to take part in the benefits of ownership by granting them the opportunity to participate in the equity return alongside KKR. Beyond sharing ownership, KKR also supports employee engagement by investing in training across multiple functional areas and by partnering with the workforce to give back to the community.
Pete Stavros, KKR Partner and Co-Head of Americas Private Equity at KKR, said, “For over a decade, we have been developing a new model of employee engagement centered around an all employee ownership strategy, and we look forward to implementing this model at Flow Control Group alongside David Patterson and his team.”