What Flow Control Management does

Flow Control Management (FCM) is a private equity-backed holding company founded in November 2018 and headquartered in Chicago, Illinois, that acquires and operates small- and mid-sized industrial businesses in the MRO aftermarket flow control sector. The platform is sponsored by Edgewater Funds, which has raised more than $4 billion in capital commitments since 2001, and was co-founded by Phil Pejovich (CEO), Keith Whisenand (CFO), and John Ravaris (CGO).

The company's current portfolio is organized around a Flow Safety Solutions Platform with two product segments: Pressure Protection, anchored by Aquatrol (safety and pressure relief valves, since 1947) and Kingston Valve Co (acquired 2026); and Controlled Delivery, anchored by Dura Products (fluid transfer, metering and systems for agriculture) and Master Packing & Rubber Company (MPRC, gaskets and seals for agricultural transport and processing). End markets span precision agriculture, municipal and industrial water/wastewater, food and beverage, pharmaceuticals and biotech, and aerospace and industrial automation, with products sold through fragmented industrial MRO distribution channels.

FCM makes money by acquiring established niche manufacturers, retaining their brand identities, and operating them under a shared holding-company model that provides capital, operating systems, and bolt-on acquisition support; the founders previously built and sold an earlier Flow Control Holdings (Steel & O'Brien Manufacturing and Ace Sanitary) to Audax Private Equity in April 2022, validating the platform model. No direct revenue, pricing, or unit-economic data is publicly disclosed.

Name

Flow Control Management

Legal name

Flow Control Management

Website

https://flowcontrolmanagement.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Flow Control Management is a private equity-backed holding company that acquires and operates niche manufacturers of mission-critical flow control, pressure protection, fluid transfer, and sealing products serving MRO aftermarket customers across agriculture, water, food and beverage, pharma, and industrial automation end markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D

Distribution channels1 record

Marketing channels3 records

Core offering

Flow Control Management (FCM) is a private equity-backed holding company that acquires and operates manufacturers of flow control products. Through wholly-owned subsidiaries, FCM sells safety and pressure relief valves (Aquatrol, Kingston Valve), fluid transfer and metering systems (Dura Products), and gasket and seal solutions (Master Packing & Rubber Company). Its products serve MRO aftermarket, precision agriculture, water/wastewater, food and beverage, pharmaceutical, and aerospace end markets.

Product overview

Flow Control Management (FCM) is a private equity-backed holding company that builds industry-specific platforms in the flow control sector. The company's current portfolio centers on the Flow Safety Solutions Platform, which includes two product segments: Pressure Protection (Aquatrol for safety and pressure relief valves, Kingston Valve for expanded safety valve offerings) and Controlled Delivery (Dura Products for fluid transfer/metering/systems, and Master Packing & Rubber for gasket and seal solutions). FCM targets small- and mid-size manufacturing businesses in the MRO aftermarket across precision agriculture, municipal/commercial/industrial, life sciences, food and beverage, pharmaceuticals/biotech, and general industrial end markets. The company was founded in 2018 with Edgewater Funds as capital partner, and previously operated the Food, Beverage, and Pharma Flow Components Platform (Flow Control Holdings) which was sold to Audax Private Equity in 2022.

Differentiator

Problem solved

Functional benefit

Brands

• Aquatrol: Market-leading manufacturer of safety and relief valves since 1947
• Kingston Valve
• Dura Products
• Master Packing & Rubber Company (MPRC)

Products and services

• Aquatrol Safety and Pressure Relief Valves Market-leading manufacturer of complex safety and pressure relief valves with short lead times, serving regulated and technology-driven industrial end markets. Headquartered in Elburn, IL.
• Kingston Valve Co Safety Valves Manufacturer of safety valve products acquired from Storm Manufacturing Group; complement to FCM's existing Aquatrol safety valve portfolio and integrated into the Elburn, IL operations.
• Dura Products Fluid Transfer and Metering Systems Manufacturer and distributor of innovative, versatile and durable fluid transfer, metering and system solutions primarily serving the agriculture industry. Headquartered in Arcadia, Indiana.
• Master Packing & Rubber Company (MPRC) Gasket and Seal Solutions Manufacturer and supplier of heavy MRO gasket and seal products for agricultural transport and processing markets. Founded 1982 and headquartered in Cedar Rapids, Iowa.

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• CIRCOR International: CIRCOR designs and manufactures flow control products (valves, pumps, instrumentation) for industrial and process markets — the closest pure-play public comparable to FCM's safety valve / fluid handling portfolio, including legacy brands sold into similar MRO and OEM channels.
• Watts Water Technologies: Watts manufactures valves, flow control, and water treatment products primarily for plumbing, waterworks, and industrial markets. Directly comparable to FCM's Aquatrol safety/relief valve and pressure protection offerings into municipal/industrial water end markets.
• Mueller Industries: Mueller produces brass/copper fittings, valves, and flow control components, with agricultural irrigation exposure similar to FCM's Dura Products. Direct competitor in fluid transfer hardware serving agricultural and industrial markets.
• Graham Corporation: Graham designs and manufactures fluid handling and transfer equipment (condensers, pumps, valves) for defense, energy, and process industries. Comparable niche flow control manufacturer serving regulated, mission-critical end markets similar to FCM's positioning.
• SPX Flow: SPX Flow provides pumps, valves, mixers, and fluid handling systems for food/beverage, industrial, and energy markets. Comparable to FCM's fluid transfer/metering and controlled delivery segment, particularly into regulated industrial and food/pharma end markets.

Broad incumbents

• IDEX Corporation: IDEX is a diversified industrial manufacturer of highly engineered fluidics, pumps, valves, and dispensing components across multiple niche platforms. Functions as a publicly traded analog of a multi-platform flow control roll-up, similar in strategy (though much larger) to FCM.
• Roper Technologies: Roper is a diversified industrial conglomerate holding numerous niche flow control, measurement, and industrial software businesses. Demonstrates the multi-decade compounding model that FCM's PE-backed platform aspires to replicate via serial acquisitions and decentralized operating model.
• Pentair: Pentair is a major water and fluid solutions company making valves, pumps, and filtration systems — directly relevant as FCM CEO Pejovich's former employer and a scaled competitor in many of the same end markets FCM serves.

Others

• Audax Private Equity: Audax acquired FCM founder Pejovich's prior platform (Flow Control Holdings, parent of Steel & O'Brien and Ace Sanitary) in April 2022. Functions as a financial-sponsor peer in the flow control buy-and-build space and a direct acquirer of comparable platforms.
• Edgewater Funds: While technically FCM's parent sponsor (not a peer), Edgewater's $4B+ capital commitment represents the financial capacity behind FCM's roll-up strategy. Other middle-market PE firms pursuing similar flow control / industrial MRO build-ups (e.g., KKR, Wynnchurch, Lone Star) would be comparable financial-sponsor peers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/flow-control-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Flow Control Management