HOUSTON and SANTA MONICA, Calif., Sept. 13, 2021 – FloWorks, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has acquired Genesis Systems, a distributor of control valve, regulator, and valve automation products and systems. FloWorks is a leading MRO focused specialty valve, rotating equipment, and flow control distribution platform differentiated by its specialty products and technical solutions for industrial markets. Financial terms of the transaction were not disclosed.
Clearlake Capital-Backed FloWorks Acquires Genesis Systems
Founded in 1999, Genesis Systems offers a full suite of valve solutions from the world’s leading manufacturers, servicing a range of industrial and commercial markets, including the petrochemical, power generation, semiconductor, OEM, pharma, building automation and food & beverage industries. Headquartered in Garland, Texas, the company has an extensive, state-of-the-art valve automation center specializing in the assembly, repair and testing of valves and valve automation equipment. The Genesis Systems management team, including Founder Tom LeBlanc, President Mark Auer, and Vice President of Sales Mike Mabry, will continue with the company.
“Over the last two decades, Genesis Systems has earned an unmatched reputation in the valve industry for quality and range of solutions, and we are fortunate to add a company of this caliber to the FloWorks platform,” said Scott Jackson, President and CEO of FloWorks. “Not only will our clients benefit from its breadth of products and depth of experience, but we will also gain access to a premier customer base that we can better assist with our complementary products and services. We welcome Tom, Mark, Mike, and the rest of the Genesis Systems team, and look forward to a strong partnership.”
Genesis Systems will complement FloWorks’ Sunbelt Supply brand, a global provider in the supply and distribution of flow control products including manual valves, automated valves, valve services and specialty flow products serving the refining, petrochemical, chemical, mining, power generation, marine, and pulp and paper industries. This marks the third acquisition completed by FloWorks over the last two years, including Triple S in 2019 and Oliver Equipment Company (OEC) in 2020.
“Genesis Systems has experienced tremendous success since our founding, but with the backing of FloWorks and Clearlake we will be able to accelerate our compelling growth plan,” said Mr. LeBlanc. “With access to greater resources, more products and new relationships, we will be better able to serve our customers, while offering them the same attention to detail and ingenuity in solving their most pressing problems. The future is bright for the Genesis staff and our customers.”
“We set out to build FloWorks into a leading specialty distribution platform with superior industrial flow control products and solutions, and this acquisition of Genesis Systems takes us one step closer to realizing our vision,” said José E. Feliciano, Co-Founder and Managing Partner, and James Pade, Partner, of Clearlake. “We remain eager to execute on additional inorganic opportunities to grow the platform, while continuing to focus on numerous organic and operational opportunities driven by Clearlake’s O.P.S.® value creation framework.”
