Clearlake Capital-Backed FloWorks Sells MultAlloy Division
Vinson & Elkins advised FloWorks International LLC, a leading specialty industrial distributor of pipe, valves, and fittings and related technical solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), in the sale of its master distribution division, MultAlloy, as well as the Company’s J&J Alloy and J&J Bar operations, to Texas Pipe & Supply. The terms of the transaction were not disclosed.
The V&E corporate team was led by partner Matt Strock with assistance from senior associate Jeannie Poland and associate Sara Bloom. Also advising were partner John Lynch and associate Christine Mainguy; partner Larry Nettles; partner Stephen Jacobson and associate Gina Hancock; partner Sean Becker and senior associate Christie Alcala; counsel Sarah Mitchell; and partner Prentiss Cutshaw and associate P.J. Tatum.
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