FCX Performance, Inc
A distributor of specialty flow control equipment (valves and instrumentation products) and solutions. FCX maintains an inventory of over 60,000 products, sourced from approximately 2,000 vendors. The Company operates in over 30 states and serves over 15,000 customers across diverse end markets, including the chemical, food, pharmaceutical, power, pulp/paper, and petroleum industries, as well as original equipment manufacturers.
Sterling as Partners
- Sterling drove prioritization and pursuit of acquisition opportunities
- As a result of this focus, the Company completed two acquisitions in December 2010, two acquisitions in 2011, a fifth acquisition in March 2012, and a sixth acquisition in June 2012
- These acquisitions expanded FCX's geographic reach to include the strategic Gulf Coast market, expanded its core Midwest geography, and added significant product extensions and service capabilities
- FCX implemented a variety of price optimization programs that resulted in margin improvement under Sterling's ownership