Harvest Partners LP has closed its previously announced sale of FCX Performance to Applied Industrial Technologies. No financial terms were disclosed. Columbus, Ohio-based FCX Performance is a provider of process flow control solutions.
New York, February 1, 2018 – Harvest Partners, LP (“Harvest”), a New York-based private equity firm, announced today it has completed the previously announced sale of FCX Performance (“FCX”) to Applied Industrial Technologies (NYSE: AIT). FCX is a leading distributor of mission-critical products and value-added services to end users, OEMs and contractors across the industrial process, oil and gas, power, life sciences, municipal and commercial markets.
About Harvest Partners
Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial services, manufacturing and distribution, business services and consumer, and healthcare services sectors. This strategy leverages Harvest Partners’ more than 35 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.