FloWorks sells MultAlloy division to Texas Pipe & Supply
Houston, Texas-headquartered pipe, valves and fittings distributor FloWorks International has completed the sale of its master distribution division, MultAlloy, in addition to its J&J Alloy and J&J Bar operations, to Texas Pipe & Supply.
According to the company, which is backed by Clearlake Capital Group, its remaining locations will be rebranded under Sunbelt Supply, FloWorks’ specialty direct distribution platform.
The sale and rebranding align FloWorks’ technical sales support and distribution network under one brand to better serve its customers, which include those in the refining, petrochemical, industrial and power generation end markets.
Over the past five years, Sunbelt Supply has added a total of 10 new branches to its brand, and will continue to make investments to bring customers flow control expertise, particularly for critical ongoing maintenance, repair and operating (MRO) applications in local markets.
“We are pleased to have found a great home for MultAlloy and J&J with Texas Pipe,” said Scott Jackson, president and CEO of FloWorks. “This divestiture allows FloWorks to dedicate additional resources to Sunbelt Supply, which has experienced impressive growth as we have executed on our expansion strategy.
“Our team of flow solutions experts is focused on directly delivering specialty PFF, valves, and automation solutions through our well positioned global footprint of stocking locations. We are excited to answer the growing demand from our key customers, including supporting newly awarded MRO contracts, and we look forward to further investing in our customers and the Sunbelt Supply platform to satisfy their ongoing needs.”
Clearlake’s Jose Feliciano, managing partner and co-founder, and James Pade, partner, added: “FloWorks’ strategic focus on technical, specialty flow control solutions in the direct distribution channel has already yielded excellent results. This step is one of many as Sunbelt Supply looks to accelerate growth and continuously enhance the customer experience, particularly where deep technical expertise and value-added solutions are required.”
