has been acquired by

a portfolio company of

Duff & Phelps' Energy M&A Practice Advised Oliver Equipment Company, Inc. on Its Sale to FloWorks International, a Sunbelt Supply Affiliate, Backed by Clearlake Capital Group

Contact Us

On October 30, 2020, Oliver Equipment Company, Inc. ("OEC" or "the Company") was acquired by FloWorks International, a Sunbelt Supply Co. ("Sunbelt") affiliate, backed by Clearlake Capital Group, L.P. ("Clearlake").

Duff & Phelps served as the exclusive financial advisor to OEC in connection with the transaction.

About Oliver Equipment Company, Inc.
Founded in 1975, OEC is a leading provider of specialty rotating equipment, onsite services and custom packaged systems for industrial applications. Its highly technical sales force supports industries including chemical, petrochemical, refining, power generation, and other industrial processes. Using its deep industry knowledge and product expertise, the Company provides customized solutions to pumping systems. OEC is a manufacturer’s representative, offering factory authorized parts and repair services through their factory trained team of technical experts. OEC is based in Houston, Texas, with four additional local service locations and technical sales personnel throughout Texas. Locke Lord, LLP served as legal advisor to OEC.

About Sunbelt Supply Co.
Sunbelt is an affiliate of Floworks International, a holding company for several flow solutions providers including Sunbelt Supply, Triple S, Major Inc. and National Valve. Sunbelt is a leading specialty supplier of industrial flow control products and an expert provider of tailored technical solutions for processing applications in the industrial markets. Sunbelt is headquartered in Houston, Texas and operates 28 facilities worldwide in addition to the solutions and specialty products for severe service applications provided by locations of subsidiaries Triple S, Major Inc. and National Valve. Vinson & Elkins, LLP served as legal advisor to Sunbelt.

About Clearlake Capital Group, L.P.
Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology and consumer. Clearlake currently has approximately $25 billion of assets under management and its senior investment principals have led or co-led over 200 investments. The firm has offices in Santa Monica and Dallas.

2020-11-19T00:00:00.0000000 /-/media/assets/images/transactions/2020/oliver-equipment-company.jpg /-/media/assets/images/transactions/2020/sunbelt-supply-co.jpg /-/media/assets/images/transactions/2020/clearlake-capital.jpg /about-us/transactions/m-and-a/exclusive-financial-advisor-oliver-equipment-company case study {D59CA77E-C551-45A3-BE89-F567210C5A60} {4DACD310-421A-42AC-BEF4-8AA7E70484CD} {C7EA9B07-9885-44FF-9E43-6BD207D93C03} {D3AE3EC6-3254-4441-B111-1AF8D558906C} {6B6F3B01-98A6-4BC2-B2CD-CBD127447FB5} {5CE144D0-ADDC-43A3-95E4-3428CA819BF8} {E340DC3D-D2B1-4B82-B060-39C0D241F859} {B871D4F9-5FCB-40B9-8710-871A30B710AB} {8B567795-B583-4828-A124-5795766A905E} {1BC813A1-26BB-475E-984B-6DB5EE303E3F}

Other Areas We Can Help

Corporate Finance

Corporate Finance

Comprehensive support throughout mergers and acquisitions and other corporate transactions.

Corporate Finance
Corporate Finance

M&A Advisory

Middle-market M&A advisory differentiated by industry expertise and superior deal execution.

M&A Advisory

Energy M&A

Energy and Mining expertise for middle-market M&A transactions.

Energy M&A

Transaction Advisory Services

Seamless analytical advisory through the deal continuum, from transaction origination to closing.

Transaction Advisory Services

Related Case Studies

Financial and Operational Restructuring

Duff & Phelps Advised Cristian Lay on its acquisition of Grupo Gallardo to KKR

Duff & Phelps Advised Cristian Lay on its acquisition of Grupo Gallardo to KKR on the standstill agreement between all lenders, assist with cash management, financial due diligence and operational due diligence.

Duff & Phelps Advised Cristian Lay on its acquisition of Grupo Gallardo to KKR

Insights

M&A Advisory

Brazil Transactions Insights – Fall 2020

M&A Advisory
M&A Advisory

Israel Transactions Insights – Fall 2020

M&A Advisory
M&A Advisory

Staffing Industry Insights – Fall 2020

M&A Advisory
Valuation Insights

U.S. Security and Exchange Commission’s Fund Valuation Modernization Proposal

Valuation Insights

News