“I look forward to working closely with the team at Audax to execute against the compelling opportunity in front us and leverage the resources Audax brings to the table to pursue a buy and build strategy that we expect to accelerate growth in the future.”Scott Kerns, CEO
CINCINNATI (PRWEB)
December 12, 2022
Flow Control Holdings (“FCH”), a leading provider of sanitary flow components to producers of foods, beverages and pharmaceuticals, announced today the appointment of Scott Kerns to the position of Chief Executive Officer.
Kerns succeeds Phil Pejovich, who has served as CEO since 2018 and will stay on with the company in an advisory capacity as a member of the company’s board of directors.
“We are delighted to welcome Scott to the FCH team and are confident that his experience will benefit the company as it accelerates its growth in the coming years. I look forward to supporting him in my new role as a member of the board,” commented Phil Pejovich.
Ryan Bruehlmann, Managing Director at Audax, added, “We are thrilled to gain a high-caliber executive with a strong track record of driving growth and accelerating strategic execution. Scott will be instrumental in guiding Flow Control Holdings as the company continues its pursuit of an aggressive growth path.”
Scott has an extensive commercial and operational experience and was most recently the CEO of private equity-backed Control Devices, LLC, where he led significant enhancement and expansion of the company and oversaw its recent sale to HBM Holdings in October 2021. He also guided the company on its subsequent integration into the HBM Holdings portfolio.
Prior to that, Scott served as a senior executive with the IDEX Corporation, where he held two Divisional President positions in the Health & Science Technologies Group. Scott also spent 22 years at Arconic (FKA: Alcoa). There, he served in multiple roles, including: Vice President in Hungary; General Manager of the Alcoa Commercial Vehicle Wheels business for Europe, South Africa and Japan; and as Vice President of Global Affairs and Business Development in the United States.
Scott holds an MBA from the Fuqua School of Business, Duke University, and a bachelor’s degree from University of North Carolina at Greensboro.
“Flow Control Holdings has a sterling reputation across its distribution network and among systems integrators, and the company’s successful track record is a testament to the team, Phil’s leadership, and the relationships the company has formed across its end markets,” commented Scott Kerns. “I look forward to working closely with the team at Audax to execute against the compelling opportunity in front us and leverage the resources Audax brings to the table to pursue a buy and build strategy that we expect to accelerate growth in the future.”
Don Bramley, Managing Director at Audax Private Equity, added, “On behalf of everyone at Audax Private Equity, we want to thank Phil for all that he has done for FCH, and we look forward to his continued support as he transitions to the board of directors.”
ABOUT FLOW CONTROL HOLDINGS:
Founded in 2018, Flow Control Holdings specializes in providing highly engineered sanitary and high purity flow components for market-critical applications within the food, beverage, and pharmaceutical industries. For more information, visit the FCH website, at http://www.flowcontrolholdings.com.
ABOUT AUDAX PRIVATE EQUITY
Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco and London. Since its founding in 1999, the firm has raised over $32 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $9 billion in more than 150 platforms and over 1,100 add-on companies, and is currently investing in add-ons out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 360 employees and over 150 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website, at http://www.audaxprivateequity.com, or follow us on LinkedIn.
For more information, please contact:
Audax Private Equity
Julie Rudnick
FGS Global
audax@fgsglobal.com
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