Flow Control Group to Receive Investment from Neuberger Private Markets

NEW YORK--(BUSINESS WIRE)--Flow Control Group (“the Company” or “FCG”), a leading North American network of technical flow control and industrial automation distributors and solutions providers, today announced that KKR, the Company's existing investor, and Neuberger Private Markets (“Neuberger”) have agreed to jointly acquire the Company. As part of this transaction, funds managed by KKR will maintain majority ownership of FCG, with Neuberger holding a significant minority interest in the Comp.