Company type | Private Company |
---|---|
Industry | Investment |
Founded | 1983 |
Founder | Michael Flacks |
Headquarters | , USA |
Area served | Worldwide |
Key people | Michael Flacks Chairman |
Website | flacksgroup |
Flacks Group is an American private equity firm based in Miami, Florida. Founded in 1983 in Manchester, England, 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.
By 1985, Flacks Group moved its base of operations to Miami, while continuing to operate globally, especially between Europe and the USA.
Michael Flacks (born 1967) is the company's founder, chairman, and CEO. [1]
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]
The Kelly-Moore Paint Co., an American manufacturer and retailer of paints and coatings, 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. [5]
In 2024 Flacks Group entered the mining industry by acquiring Artemyn, previously a division of Imerys SA. [6] Artemyn employs 1,000 people across 24 plants in the Americas, Asia, and Europe. Notably, it owns the world's largest kaolin operation, with high-quality reserves in Brazil. [7]
Flacks Group entered the real estate market in 2024 by beginning construction of 132 apartments in Davenport, Florida. [8] [9]
A Wear was a chain of women's clothing stores in Ireland. In 2012 the company 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]
Dormakaba 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]
In 2017 Flacks Group acquired Fürstenberg Hoiz, a business focused on wood packaging located in Hüfingen, Germany. With some 450 employees the company is the leader in specialized automotive wooden packaging in Europe. [13] Exited in 2018.
In 2020 Flacks Group became the sole investor in Corizon Health, previously majority-owned by hedge fund BlueMountain Capital Management. The transaction included Corizon's in-house pharmacy, PharmaCorr, which is the only in-house pharmacy in the corrections industry. [14]
In 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]
In 2014 the Flacks Group expanded into infrastructure ownership with the acquisition of the Cottbus Airport. [17]
PPG Industries, Inc. is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. By revenue it is the largest coatings company in the world followed by Sherwin-Williams. It is headquartered in PPG Place, an office and retail complex in downtown Pittsburgh, and is known for its glass facade designed by Postmodern architect Philip Johnson.
Sherwin-Williams Company is an American company based in Cleveland, Ohio. It is primarily engaged in the manufacture, distribution, and sale of paints, coatings, floorcoverings, and related products to professional, industrial, commercial, and retail customers, primarily in North and South America and Europe. At the end of 2020, Sherwin-Williams had operations in over 120 countries.
Grundfos is the largest pump manufacturer in the world, based in Denmark, with more than 19,000 employees globally.
Signature Aviation is a multinational aviation services company headquartered in Orlando, Florida. The company was founded as W. Wilson Cobbett Ltd in 1879 and subsequently specialised in the manufacture of industrial supplies, particularly in the automotive and aviation sectors. During the Second World War, the company produced materials for British military aircraft, such as the Supermarine Spitfire, Hawker Hurricane, and Hawker Typhoon. During the 1980s and 1990s, the firm decided to increasingly orientate itself towards the aviation industry via a string of acquisitions and divestitures. It was listed on the London Stock Exchange until it was acquired by Cascade Investment, Blackstone Group, and private equity firm Global Infrastructure Partners in May 2021.
The Flowserve Corporation is an American multinational corporation and one of the largest suppliers of industrial and environmental machinery such as pumps, valves, end face mechanical seals, automation, and services to the power, oil, gas, chemical and other industries. Headquartered in Irving, Texas, which is in the Dallas–Fort Worth Metroplex, Flowserve employs close to 16,000 employees in more than 50 countries. Flowserve sells products and offers aftermarket services to engineering and construction firms, original equipment manufacturers, distributors, and end users. The Flowserve brand name originated in 1997 with a merger of BW/IP and Durco International.
English China Clays PLC, or ECC, was a mining company involved in the extraction of china clay, based in St Austell, Cornwall. It was once a constituent of the FTSE 100 Index but in 1999 was acquired by Imetal.
Gazal Corporation Limited was a leading Australian branded clothing company and was a listed public company of the Australian Stock Exchange. The company was based in Banksmeadow in the Australian state of New South Wales. Its main business areas were men's, ladies' and children's clothing, and it and its subsidiaries are engaged in the design, manufacture, importation, wholesale and retail of clothing and accessories including business shirts, school wear, surf and casual wear, as well as intimate apparel. The company owned brands such as Mambo Graphics, Davenport and Bisley Workwear and imports brands such as Nautica, Calvin Klein Underwear and held the license for Oroton underwear. The Company had operations in Australasia and Europe. Mambo was sold to Saban Brands in 2015.
Kelly-Moore Paints was an American paint manufacturing company. Founded in 1946 by William Kelly and William Moore in San Carlos, California, it moved its headquarters from there to Irving, Texas, in 2023. Its manufacturing plant was located in Hurst, Texas.
Dunelm Group plc, trading as Dunelm, is a British home furnishings retailer operating in the United Kingdom. One of the largest homeware retailers in the UK, the company headquarters are in Syston, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Until 2013 the company traded as Dunelm Mill.
Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets.
Gilbarco Inc., doing business as Gilbarco Veeder-Root, is a supplier of fuel dispensers, point of sales systems, payment systems, forecourt merchandising and support services. The company operates as a subsidiary of Vontier and its headquarters are in Greensboro, North Carolina, United States. It employs approximately 4,000 people worldwide, with sales, manufacturing, research, development, and service locations in North and South America, Europe, Asia, the Pacific Rim, Australia, the Middle East and Africa.
Corizon Health, Inc. is a privately held prison healthcare contractor in the United States. The company provides healthcare and pharmacy services (PharmaCorr) to approximately 28 clients in 15 U.S. states, including 139 state prisons, municipal jails, and other facilities. Serving over 115,000 inmates, Corizon Health offers dental, mental health, optometry services, and substance abuse treatment as well as general healthcare. The company is headquartered in Brentwood, Tennessee.
Nautic Partners is a private equity firm focused on leveraged buyout investments in middle market companies across a range of industries that includes healthcare, industrial products, and outsourced services.
Edwards Ltd is a British multinational vacuum pump and exhaust gas management systems manufacturer. Its headquarters are in Burgess Hill, UK, and has been part of the Atlas Copco Group since 2014. Edwards holds 1,700 patents, including for dry (oil-free) vacuum pumps, and produces equipment used for manufacturing semiconductors, scientific research, freeze drying and other industries. Its pumps remove contaminants at CERN's Large Hadron Collider. Manufacturing is predominantly handled by subsidiary businesses in the Czech Republic, South Korea, USA and China. Edwards' global research and development facilities remain in the UK.
Xylem Inc. is a large American water technology provider, in public utility, residential, commercial, agricultural and industrial settings. The company does business in more than 150 countries. Launched in 2011 as the spinoff of the water-related businesses of ITT Corporation, Xylem is headquartered in Washington, DC, with 2018 revenues of $5.2 billion and 17,000 employees worldwide.
Octopus Energy Group is a British renewable energy group. It was founded in 2015 with the backing of Octopus Group, a British asset management company. Headquartered in London, the company has operations in the United Kingdom, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States. Octopus is the UK's largest supplier of electricity to domestic customers, and the second largest in domestic gas.
Friedrich Wilhelm Pleuger was a German engineer and entrepreneur who developed and patented a number of inventions, in particular water-filled electric motors, submersible pumps and ship rudder systems. He was a partner and founder of Pleuger Unterwasserpumpen GmbH in Hamburg, through which he marketed and sold these products. In addition, he was also the consul general of Ghana in Hamburg.
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. The word "Pleuger" is sometimes considered as synonymous for water-filled motors with multi-stage pumps. It is also considered as the pioneer of submersible turbine pump motor.
Michael Flacks is a British investor, philanthropist and businessman. He is the founder, chairman and CEO of Flacks Group, a Miami, Florida based private equity and investment firm. Flacks acquires underperforming corporate businesses or distressed assets and invests in them to make them profitable again.