Clearlake Capital-Backed Sunbelt Supply Announces FloWorks' Acquisition of Oliver Equipment Company
Vinson & Elkins advised Sunbelt Supply in the acquisition of Oliver Equipment Company, a leading provider of specialty rotating equipment, onsite services and custom packaged systems for industrial applications, by affiliate FloWorks International.
Backed by Clearlake Capital Group, L.P., Sunbelt Supply and its affiliates represent a market leading specialty valve and flow control distribution platform focused on specialty products and technical solutions targeting stable and growing industrial markets. Terms of the transaction were not disclosed.
The V&E team was led by partner Matt Strock with senior associate Jeannie Poland and associates Sara Bloom, Carmen Guidry and Maggie Webber. Also advising were partner Prentiss Cutshaw and associate P.J. Tatum; partners Larry Nettles and Matthew Dobbins and associate Austin Pierce; partner Sean Becker and counsel Christie Alcalá; partner Brian Bloom and senior associate Kristy Fields; partner John Lynch and associate Christine Mainguy; partner Fry Wernick and senior associate Brian Howard; and partner Devika Kornbacher and senior associate Sean Hill.
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