Houlihan Lokey Advises FloWorks International on Sale of MultAlloy

Houlihan Lokey is pleased to announce that MultAlloy, a subsidiary of FloWorks International, has been acquired by Texas Pipe and Supply Company. FloWorks International is a portfolio company of Clearlake Capital.

MultAlloy is a master distributor of stainless steel and specialty alloy pipe, bar, fittings, and flanges. The company serves a diverse range of local and global industrial distributors in the refining, petrochemical, and diversified industrial end markets.

FloWorks International is a leading specialty supplier of industrial flow control products and an expert provider of tailored technical solutions to the energy and industrial sectors. FloWorks is headquartered in Houston, Texas, and goes to market with its Sunbelt Supply brand which currently operates 28 facilities worldwide. This close proximity to its customers allows Sunbelt Supply to act as a critical link in the supply chain.

Clearlake Capital is a leading private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are industrials and energy, software and technology-enabled services, and consumer. Clearlake currently has more than $10 billion of assets under management and its senior investment principals have led or co-led over 100 investments.

Texas Pipe and Supply is a leading master distributor of carbon and stainless steel pipe, primarily serving the production, gathering and transmission segments of the energy industry. Headquartered in Houston, Texas, the company operates nine branch locations across the United States with customized inventories serving local markets maintained at each location. Texas Pipe and Supply also provides a full range of value-added services, including cutting, threading, grooving, and coating, and is one of the largest pipe distributors in the United States.

Houlihan Lokey served as financial advisor to FloWorks International on the sale of MultAlloy and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction underscores Houlihan Lokey's long-standing reputation and credentials as a premier advisor to the global metals sector.