OHA is Administrative Agent & Lead Left Arranger for Private Refinancing of FloWorks
Oak Hill Advisors (OHA) has acted as Administrative Agent and Lead Left Arranger for a private unitranche facility supporting FloWorks, a portfolio company of Wynnchurch Capital. FloWorks, a leading specialty distributor of flow control products and technical solutions provider, will use the financing to refinance existing debt and fund future acquisitions. OHA, leveraging its industry knowledge through investments in similar companies, is the largest holder of the new facility. BMO Capital Markets participated as OHA's private credit joint venture partner.
Oak Hill Advisors (OHA) ha agito come Agente Amministrativo e Lead Left Arranger per una struttura unitranche privata a favore di FloWorks, una società del portafoglio di Wynnchurch Capital. FloWorks, un importante distributore specializzato di prodotti per il controllo dei fluidi e fornitore di soluzioni tecniche, utilizzerà il finanziamento per rifinanziare debiti esistenti e finanziare future acquisizioni. OHA, sfruttando la sua esperienza di settore attraverso investimenti in aziende simili, è il maggiore detentore della nuova struttura. BMO Capital Markets ha partecipato come partner nella joint venture di credito privato di OHA.
Oak Hill Advisors (OHA) ha actuado como Agente Administrativo y Lead Left Arranger para una instalación privada de unitranche que apoya a FloWorks, una empresa de la cartera de Wynnchurch Capital. FloWorks, un distribuidor especializado líder de productos de control de flujo y proveedor de soluciones técnicas, utilizará el financiamiento para refinanciar deudas existentes y financiar adquisiciones futuras. OHA, aprovechando su conocimiento de la industria a través de inversiones en empresas similares, es el mayor titular de la nueva instalación. BMO Capital Markets participó como socio de la joint venture de crédito privado de OHA.
오크 힐 어드바이저스(OHA)는 플로웍스(FloWorks)를 지원하는 사모 유니트랜치 시설의 관리 에이전트 및 리드 레프트 어레인저로 활동했습니다. 플로웍스는 흐름 제어 제품의 주요 전문 유통업체이자 기술 솔루션 제공업체로서, 이번 자금을 기존 부채를 재융자하고 향후 인수를 위한 자금을 조달하는 데 사용할 것입니다. OHA는 유사 기업에 대한 투자 경험을 바탕으로 새로운 시설의 최대 보유자로 있습니다. BMO 캐피털 마켓는 OHA의 사모 신용 조인트 벤처 파트너로 참여했습니다.
Oak Hill Advisors (OHA) a agi en tant qu'Agent Administratif et Lead Left Arranger pour une facilité unitaire privée soutenant FloWorks, une société du portefeuille de Wynnchurch Capital. FloWorks, un distributeur spécialisé de premier plan en produits de contrôle des fluides et fournisseur de solutions techniques, utilisera le financement pour refinancer des dettes existantes et financer des acquisitions futures. OHA, s'appuyant sur sa connaissance du secteur grâce à des investissements dans des entreprises similaires, est le plus grand détenteur de la nouvelle facilité. BMO Capital Markets a participé en tant que partenaire de la coentreprise de crédit privé d'OHA.
Oak Hill Advisors (OHA) hat als Administrativer Agent und Lead Left Arranger für eine private Unitranche-Finanzierung, die FloWorks, ein Portfoliounternehmen von Wynnchurch Capital, unterstützt, gehandelt. FloWorks, ein führender Spezialdistributor von Flusskontrollprodukten und Anbieter technischer Lösungen, wird die Finanzierung nutzen, um bestehende Schulden umzuschulden und zukünftige Übernahmen zu finanzieren. OHA, das sein Branchenwissen durch Investitionen in ähnliche Unternehmen nutzt, ist der größte Inhaber der neuen Finanzierung. BMO Capital Markets beteiligte sich als Partner in OHA's privater Kredit-Joint-Venture.
- Secured new financing facility for debt refinancing and future acquisitions
- Largest holder position demonstrates strong institutional backing
- Strategic partnership with BMO Capital Markets enhances financing capabilities
- None.
Insights
The private refinancing deal for FloWorks represents a strategic financial restructuring that strengthens the company's balance sheet and positions it for growth. OHA's role as both Administrative Agent and Lead Left Arranger indicates significant confidence in FloWorks' business model and market position. The unitranche facility structure simplifies the company's debt profile while providing flexibility for future acquisitions.
The refinancing is particularly noteworthy given OHA's extensive experience in the flow control distributor sector, which likely enabled more favorable terms and a deeper understanding of FloWorks' value proposition. The participation of BMO Capital Markets as a joint venture partner adds credibility to the deal structure and suggests strong institutional backing.
New York, New York, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for the private unitranche facility supporting FloWorks, a portfolio company of Wynnchurch Capital, L.P. (“Wynnchurch”). FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications. OHA is the largest holder across the new financing facility, which will be used to refinance the company’s existing debt and support future acquisitions.
OHA’s existing knowledge of the flow control distributor industry through its investments across other companies in the ecosystem positioned it to quickly provide constructive feedback and play a leadership role in this refinancing solution.
“Our familiarity with the specialty distribution industry through our investments in similar companies allowed us to quickly gain conviction in FloWorks and its business model,” said Eric Muller, Partner and Portfolio Manager at OHA. “The track record the company has built through its customized platform has proven its ability to gain significant market share while continuing to scale, and we look forward to contributing to FloWorks’ next stages of growth.”
BMO Capital Markets also participated in this financing as OHA’s private credit joint venture partner.
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About OHA: Oak Hill Advisors (OHA) is a leading global credit-focused alternative asset manager with over 30 years of investment experience. OHA works with institutions and individuals and seeks to deliver a consistent track record of attractive risk-adjusted returns. The firm manages approximately
With over 400 experienced professionals across six global offices, OHA brings a collaborative approach to offering investors a single platform to meet their diverse credit needs. OHA is the private markets platform of T. Rowe Price Group, Inc. (NASDAQ – GS: TROW). For more information, please visit oakhilladvisors.com.
About FloWorks: Headquartered in Houston, Texas, FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications. The Company serves customers across chemicals, downstream refining & renewables, high purity & sanitary, and other industrial end markets. FloWorks’ product categories include valves & automation, corrosion resistant flow control, rotating equipment, flanges, filters & purifiers, and instrumentation. For more information, please visit gofloworks.com.
About Wynnchurch: Wynnchurch, headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in Canada, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with
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