The Desk Summary
Neuberger Private Markets Acquires Minority Stake in Flow Control Group Alongside KKR
Brief
Neuberger Private Markets and KKR agreed to jointly acquire Flow Control Group, with KKR retaining majority ownership and Neuberger holding a significant minority stake. Since KKR's 2021 acquisition, the company's revenue and EBITDA more than tripled through organic growth and strategic acquisitions. The transaction, expected to close in Q2 2026, includes cash payouts for all 3,000 employees and a renewed broad-based ownership program.
Neuberger Private Markets has agreed to acquire a significant minority interest in Flow Control Group, a North American network of technical flow control and industrial automation distributors, with KKR retaining majority ownership.
Since KKR’s initial acquisition in 2021, Flow Control Group has more than tripled revenue and EBITDA through organic growth and strategic acquisitions, expanding its workforce to over 1,000 technical sales professionals and 600 service technicians.
The transaction, expected to close...
Deal details
- Buyer
- Neuberger Private Markets
- Sponsor
- Needs Verification
- Target
- Flow Control Group
- Platform
- Minority Stake in Flow Control Group Alongside KKR
- Deal type
- Secondary
- Announced
- May 1, 2026
- Status
- announced