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.
Comprehensive support throughout mergers and acquisitions and other corporate transactions.
Middle-market M&A advisory differentiated by industry expertise and superior deal execution.
Energy and Mining M&A
Energy and Mining expertise for middle-market M&A transactions.
Transaction Advisory Services
Seamless analytical advisory through the deal continuum, from transaction origination to closing.
Fairness and Solvency Opinions
Independent opinions for boards of directors and special committees.
Private Capital Markets
Senior, subordinated and mezzanine debt and venture/private equity for a wide range of transactions.
has agreed to acquire
Leading provider of charging solutions for electric vehicles
a portfolio company of
has been acquired by
has entered into an agreement to sell its Life Sciences division to
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.
Forecasting the Power Market
Global Telco Infrastructure Update – Q4 2020
Duff & Phelps Recommended U.S. Equity Risk Premium Decreased from 6.0% to 5.5%, Effective December 9, 2020
European Industry Market Multiples (As of September 30, 2020)
Duff & Phelps Announces CEO Transition
Duff & Phelps Expands Asia and Caribbean Restructuring Offering With Acquisition of Borrelli Walsh
Duff & Phelps Strengthens German M&A Advisory Practice With the Appointment of Frank Bretag
Duff & Phelps Strengthens Transaction Advisory Services Practice with Appointment of New Managing Director