Approved · Waiver · decided in 17 days, 25 Sept 2026
Velocity I Purchaser, Inc., an affiliate of investment management firm Blackstone Inc., proposes to acquire 100% of the equity interests in Flow Control from FCH Preferred Issuer, L.P. Flow Control manufactures sanitary flow control solutions for data centre cooling, food & beverage, and pharmaceutical sectors, with limited Australian sales.
Velocity I Purchaser, Inc. (an affiliate of various funds advised and/or managed by affiliates of Blackstone Inc.) ( Purchaser ) proposes to acquire 100% of the equity interests in FCH Intermediate Holdings, Inc and FCH Intermediate II Holdings, Inc (together, Flow Control ) from FCH Preferred Issuer, L.P., minus rollover interests held by the Seller and Flow Control’s management (the Acquisition ). The Purchaser will exercise sole control over Flow Control following the Proposed Transaction. Flow Control is a US-based company that manufactures and supplies sanitary flow control solutions for the data centre cooling, food & beverage and pharmaceutical sectors. These products are primarily used to transport and control the flow of liquids in hygiene-sensitive industrial environments. Flow Control’s products include stainless steel weldment systems, fittings, tubes, pumps, valves, hoses, single-use assemblies, gaskets, and washdown equipment. Flow Control has no subsidiaries, employees, assets or physical presence in Australia, but makes limited sales of its products to a small number of Australian customers primarily in the food & beverage and pharmaceutical sectors, through third-party distributors. Blackstone is a US-based corporation, incorporated under the laws of Delaware, United States. Blackstone operates as an investment management firm.