RECENT RELEASESFCX Performance Announces the Acquisition of Encova, Inc.
The move marks the fifth acquisition in less than a year for the specialty flow control distributor
COLUMBUS, OHJULY 27, 2017
FCX Performance, a leading specialty flow control distributor serving OEMs, EPCs and end-users across the industrial process, energy and high purity industries, announced today that it has completed the acquisition of Encova, Inc. The Cary, North Carolina firm is a licensed professional engineering company that provides specialized project start-up and commissioning services for customers in the life sciences industry.
“FCX has demonstrated a strong commitment to our customers by building our service capabilities both organically and by acquisition,” said Tom Cox, CEO of FCX. “Adding Encova’s expertise to our PCI division’s service offerings sets us further apart from our competition. This acquisition allows us to provide our clients with the trusted single source provider they are looking for from start-up of their equipment on new projects, to maintaining optimal plant performance, and meeting regulatory guidelines now and into the future.”
With the addition of Encova, Inc. FCX expands its footprint to 45 offices nationally, all staffed with highly technical experts equipped to deliver unique value to a diverse set of end markets.
“Encova’s reputation and commitment to its customers make them an excellent fit with the FCX platform,” added Cox. “We are looking forward to working with Encova to expand our expertise and elevate the Encova solutions.”
About FCX Performance
Based in Columbus, Ohio, FCX Performance, Inc., is a leading distributor of mission-critical products and value-added services to end users, OEMs and contractors across the industrial process, oil and gas, power, life sciences, municipal and commercial markets. FCX is renowned for its technical application expertise, offering its customers a full range of valve automation, pumps and seals, process instruments, steam and piping specialties, and related equipment, all backed by a full complement of life-cycle services.
Since 1999 FCX has completed more than 20 strategic acquisitions, growing to 45 locations serving 37 states, and more than 800 team members, including more than 300 services and repair technicians. For more information, please visit www.fcxperformance.com.