Neuberger Partners will inject capital into Flow Control Group (FCG), a Charlotte‑based distributor of technical flow control and industrial automation equipment. The move follows KKR’s 2021 acquisition and will cement Neuberger’s presence in the industrial automation sector.

FCG, founded in 2014, has operated across the southeastern United States. KKR retains majority ownership, while Neuberger will hold a significant minority position. The transaction is slated for completion in Q2 2026, though financial terms remain undisclosed.

The investment signals confidence in FCG’s growth trajectory and the broader automation market. For investors, the deal offers exposure to a niche yet expanding industry segment. Neuberger’s participation could unlock additional capital for expansion, potentially boosting FCG’s market share in a competitive landscape.