Flow Control Group, a leading North American network of technical flow control and industrial automation distributors and solutions providers, has announced that KKR and Neuberger Private Markets have agreed to jointly acquire the company. KKR, the existing investor, will maintain majority ownership, with Neuberger holding a significant minority interest. The transaction is expected to close in Q2 2026.
Since KKR’s initial acquisition of Flow Control Group in 2021, the company has scaled into a preeminent platform in the distribution sector with revenue and EBITDA more than tripling. The company now employs more than 1,000 technical sales professionals and 600 service technicians serving customers in water and wastewater, life sciences, aerospace and defense, food and beverage, power generation, data centers, and advanced automation. As part of KKR’s ownership, all employees became owners in the company, and contingent on the successful closing, all more than 3,000 employees will receive cash payouts. KKR and Neuberger intend to re-establish the broad-based ownership program following closing.
Neuberger Private Markets manages more than $155 billion of investor commitments across primaries, co-investments, secondaries, private credit, and specialty strategies.
Support:
KKR and FCG were advised by Solomon Partners as financial and M&A advisor, and Kirkland & Ellis and Debevoise as legal advisors. Evercore served as financial advisor and Latham & Watkins as legal advisor to Neuberger.
KEY QUOTES:
“Flow Control Group exemplifies KKR’s approach of taking great businesses to the next level through a combination of strategic acquisitions and operational value creation. We are proud of the progress achieved to date and look forward to strategically partnering with Neuberger’s Private Markets team, FCG’s management team, and the many highly engaged employee-owners to support the Company’s next phase of growth.”
Josh Weisenbeck, Partner, KKR
“We view the platform as a best-in-class distributor and key technical provider for its customers in industries benefiting from favorable tailwinds. As a result of its strong technical differentiation, resilient business model, and proven track record of growth, we couldn’t be more pleased to collaborate with KKR, the management team, and FCG’s employee-owners to support the Company’s continued expansion and long-term value creation.”
David Stonberg, Deputy Head, Neuberger Private Markets
“KKR has played a critical role in supporting our growth, and we are excited to welcome Neuberger as we continue to expand our capabilities, invest in our team, and pursue new opportunities across our markets.”
Raymond Aronoff, Chief Executive Officer and President, Flow Control Group
