Flow Control Holdings Acquires Strahman Holdings

CINCINNATI, OH – June 13, 2023 – Flow Control Holdings (“FCH”), a portfolio company of Audax Private Equity and leading provider of sanitary-flow components to the pharmaceutical, food, and beverage end markets, announced today that it has acquired the U.S. operations of Strahman Holdings, Inc. (“Strahman”). Terms of the deal were not disclosed.

Strahman is a leading manufacturer of washdown equipment, sampling valves, and valve automation products to the pharmaceutical, F&B, and industrial end-markets. The company will continue to operate out of its headquarters in Bethlehem, PA.

“We are thrilled to welcome the Strahman business and team to FCH,” said Scott Kerns, CEO of Flow Control Holdings. “Strahman has an impressive line of products and a strong track record of innovation in the U.S. dairy and washdown markets. The entire Strahman lineup is complementary to our offering of flow control components and in particular, we are excited about adding the Strahman brand of washdown equipment to the FCH portfolio.”

Strahman Valves provides FCH with a beachhead in the sanitary aftermarket MRO space by expanding the product offering to washdown equipment and strengthening the manufacturing and distribution footprint. Adding Strahman products to the FCH portfolio improves the ability to service new and existing customers and enhances FCH’s presence in the MRO aftermarket.

“We are impressed with both the manufacturing capabilities at Strahman’s Bethlehem headquarters and the caliber of the team leading and operating the business,” added Kerns. “Strahman expands our already strong product portfolio in the sanitary flow control market, enhances our value proposition to customers, and aligns with our strategic growth plans.”

Jeff Graby, CEO of Strahman, will stay on temporarily to assist with the ownership transition. The remaining leadership team and personnel will maintain their current roles as part of the expanded FCH team. “Strahman is a great strategic fit with FCH,” added Jeff. “I’m proud of what we have accomplished and excited about what’s next for our team as part of FCH.”

“Strahman has shown tremendous momentum,” noted Don Bramley, Partner and Senior Managing Director of Audax Private Equity. “The acquisition, for FCH, moves the needle on a number of growth objectives. The addition of Strahman strengthens FCH’s manufacturing footprint, augments brand awareness in key end markets, and ultimately enhances the value proposition of the combined company for both Strahman and FCH customers.”

Strahman represents FCH’s fifth acquisition since Audax Private Equity invested in March 2022.

ABOUT FLOW CONTROL HOLDINGS

Formed in 2018 through the combination of two leading sanitary flow control companies, Flow Control Holdings specializes in providing highly engineered sanitary and high-purity flow components for market-critical applications within the food, beverage, and pharmaceutical industries. For more information, visit the FCH website, at www.flowcontrolholdings.com.

ABOUT AUDAX PRIVATE EQUITY

Based in Boston and San Francisco, Audax Private Equity is a leading middle market investment firm with approximately $16 billion of assets under management, over 185 employees, and 85- plus investment professionals. Since its founding in 1999, the firm has invested in more than 160 platforms and 1,200 add-on acquisitions. Through our disciplined Buy & Build approach, across six core industry verticals, Audax helps portfolio companies execute on organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value.

Audax Private Equity is a part of Audax Group, a leading alternative investment manager with approximately $36 billion of assets under management. For more information, visit audaxprivateequity.com or follow us on LinkedIn.

CONTACTS

Todd Starr Chief Growth Officer Flow Control Holdings [email protected] 269-208-8318.