P&M Corporate Finance (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Corrosion Fluid Products Corporation (“Corrosion” or “CFP”) in its sale to FCX Performance, Inc. (“FCX”), a portfolio company of Harvest Partners (“Harvest”). Based in Farmington Hills, Michigan, CFP is a specialty regional distributor of pumps, valves, fiberglass and specialty lined pipe, hose & fittings to the process markets. Corrosion operates from eight branch distribution centers located across the key Midwestern states of Michigan, Illinois, Pennsylvania, Ohio, Indiana and Iowa. In addition, CFP operates an extensive repairs business from four of its branches, providing its approximately 2,500 customers with a full-suite of value-added distribution and repair services. Corrosion’s extensive product line spans nearly 900 vendor relationships, including primary distributor relationships with Flowserve, Resistoflex, Pureflex, and Sundyne, among others.
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