Flacks Group is an American private equity firm based in Miami, Florida. Founded in 1983, the firm seeks to invest in companies in the chemical, industrial, healthcare, business services, consumer, retail, power, energy, automotive, oil & gas, media, and, aerospace & defense sectors. Michael Flacks (born 1967) is the company's founder, chairman, and CEO.[1]
 | |
| Company type | Private Company |
|---|---|
| Industry | Investment |
| Founded | 1983 |
| Founder | Michael Flacks |
| Headquarters | , USA |
Area served | Worldwide |
Key people | Michael Flacks Chairman |
| Website | flacksgroup |
Current assets
editPleuger Industries
edit
In 2018, Flacks Group acquired Pleuger from Flowserve.[2]
Pleuger Industries is a German manufacturer of submersible pumps, thrusters, and plunger pumps. It is headquartered in Miami, Florida with centers of excellence in Hamburg, Germany, and facilities in Orléans, France, and Connecticut, USA.
Since being acquired by the Flacks Group, in 2018, Pleuger has been operating as an independent company.[3] As of 2023, Anton Schneerson has been appointed as a Group CEO of Pleuger.[4]
Kelly Moore Paints
edit
The Kelly-Moore Paint Co., a manufacturer and retailer of premium paints and coatings in the U.S., was acquired by Flacks Group in 2022. The purchase included 157 retail stores across California, Nevada, Texas, and Oklahoma and manufacturing facilities in Hurst, Texas. The financial terms of the transaction were not disclosed.[5]
Nottinghill Davenport
editFlacks Group has entered the real estate market by building apartments in Davenport on the land the company's owner has been sitting on since 2013. A new 132-unit apartment complex is under construction at 1401 Davenport Boulevard as of 2024.[6][7]
Artemyn
editIn 2024 the acquisition of Artemyn, a division previously owned by Imerys SA has been announced marking Flacks Group's significant entry into the mining industry.[8]
Artemyn employs 1,000 people across 24 plants in the Americas, Asia, and Europe. Notably, it owns the world's largest kaolin operation with unique high-quality reserves in Brazil.[9]
Previous assets
editA Wear
edit
A Wear was a chain of women's clothing stores with a wide number of operations across Ireland.
In 2012 A wear was bought by a group of international investors led by Flacks Group, in a deal that secured 460 jobs at its 32 stores in the Republic of Ireland.[10]
OGRO
editDormakaba Group, a provider of secure access systems for buildings and interiors, has divested its subsidiary Dorma Beschlagtechnik GmbH ("DBT"), a manufacturer of premium door fittings, to Flacks Group, a private investment group based in Miami, USA in 2017.[11]
Flacks Group intended to implement an international expansion strategy for DBT, which will reassume its previous brand OGRO. It retained the production location in Velbert, Germany, as well as all employees. DBT had just under 100 employees and achieved revenues of approximately EUR 12 million in 2016/17.[12]
Fürstenberg Hoiz
editIn 2017 Flacks Group acquired Fürstenberg Hoiz, a business focused on wood packaging located in Huefingen, Germany. With some 450 employees the company is the leader in specialized automotive wooden packaging in Europe.[13] Exited in 2018.
Corizon Health
editThe company has been majority-owned by hedge fund BlueMountain Capital Management for a few years until the private investment company Flacks Group acquired the company in 2020. Flacks Group was the sole investor in Corizon Health.
With the Flacks Group acquisition, Corizon Health managed to reduce its debt burden. The transaction included an acquisition of PharmaCorr which is Corizon's in-house pharmacy. Corizon Health's PharmaCorr is the only in-house pharmacy in the corrections industry.[14]
Zippel
editIn October 2020 Flacks Group acquired Zippel from Sugino Machine.[15] Zippel is a provider of industrial parts cleaning. Its product range goes from cleaning with low pressure to cleaning with high pressure. Zippel now is a full-service solution provider for industrial parts cleaning with a global service network.[16]
References
edit- ^ "Flacks Group invests in retail". Manchester Evening News. Manchester. 20 Feb 2012.
- ^ "Change of ownership for Pleuger Industries". World Pumps. May 3, 2019.
- ^ Submersible Motor Pump Specialist PLEUGER Industries is Back Mining Report, 12 June 2019
- ^ Pleuger Celebrates 95 years Delta P Online
- ^ Flacks Group Acquires Kelly-Moore Paint Company American Coating Association. 12 Oct 2022
- ^ Developer starts on 132 apartments in Davenport, eyes rest of Polk County for more units The Ledger, 12 Apr 2022
- ^ Miami private-equity firm breaks ground on first apartments in Davenport Growth Spotter, 13 Apr 2022
- ^ Flacks Group acquires industrial minerals company Artemyn International Mining, 10 July 2024
- ^ Flacks Group announces closing of USD 400 million mining acquisition from Imerys World Business Outlook
- ^ A|wear deal sees 460 jobs secured Raidió Teilifís Éireann, 16 Feb 2012
- ^ Flacks Group acquired Dorma Beschlagtechnik Gmbh from dormakaba Holding AG.Marketscreener
- ^ Clairfield advises Dormakaba Group on the divestment of Dorma Beschlagtechnik GmbH Clairfield, 10 Jul 2017
- ^ Fürstenberg verkauft Geschäftsbereich Holzverpackungen Holzkurier, 26 Jan 2017
- ^ Investment firm acquires Corizon Nashville Post, 30 Jun 2020
- ^ High-school dropout vaults into mega-wealth with M&A bargains Bloomberg News
- ^ Flacks Group Sees M&A Opportunities in the Industrials Sector Mergers&Acquisitions, 30 Sep 2022