Oak Hill Advisors (OHA) served as administrative agent and lead left arranger for the private unitranche facility supporting FloWorks, a specialty distributor of flow control products and provider of tailored technical solutions for MRO-focused applications, a portfolio company of Wynnchurch Capital. 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.
“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,” Eric Muller, partner and portfolio manager at OHA, said. “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.
