(CHINO, Calif., — Sept. 7, 2023 — Harrington Release) — Harrington Process Solutions, a leading specialty distributor of industrial flow control process solutions, announced that it has entered into a definitive agreement to be acquired by Bain Capital Private Equity (“Bain Capital”). Harrington will continue to operate as a standalone company and be led by its current management team. Financial terms of the private transaction with funds affiliated with Nautic Partners, which have owned Harrington since 2020, were not disclosed.
Founded in 1959 and headquartered in Chino, California, Harrington is a leading distributor of piping and other engineered fluid process products for corrosive and high-purity applications. The company specializes in a variety of highly technical applications and products across categories including filtration, pumps, tanks, valves and instrumentation. With over 60 locations across the United States, Harrington provides solutions to vendors in a wide array of critical industries, including semiconductors, water and wastewater management, chemicals, manufacturing, life sciences, and food and beverage processing.
“Our vendors and customers have long recognized Harrington as a leading supply chain partner and technical expert in the specialty distribution sector,” said Dave Abercrombie, CEO of Harrington. “As our end markets are benefitting from key macroeconomic trends, we are excited to partner with Bain Capital to accelerate our growth as we continue to support critical industrial sectors across the country.”
“We have built an impressive team of specialists that can quickly help to deliver complex and mission-critical fluid processing solutions for many of the nation’s leading industrial and technology firms,” said Bob Graham, COO at Harrington. “Bain Capital’s experience partnering with and providing valued resources to industrial and specialty distribution companies will be very important as we continue to scale the business and serve the needs of our vendors, customers and team members.”
The transaction is expected to close in the fourth quarter of 2023 and is subject to customary closing conditions, including requisite regulatory approvals.
For more information about Harrington Process Solutions, go to https://www.hipco.com/.