BIRMINGHAM, Ala. (Mar 10, 2021) – Founders is pleased to announce that Flanders Electric Motor Service, Inc. (“FLANDERS”), a renowned provider of electric motor repair services and advanced power system technologies to the mining and heavy industrial sectors, has been recapitalized by Center Rock Capital Partners. FLANDERS was advised on the transaction by principals of Founders Advisors.
Founded in 1947, FLANDERS is a global leader in motors, drives, electronics, and control systems for heavy industrial machines. The company has over 70 years of experience in engineering, manufacturing, and servicing large electrical rotating equipment and systems that bring massive machines to life. Today, FLANDERS develops some of the most advanced controls and software for heavy machines in the connected era of Big Data and continues to provide its trusted hands-on repair of motors and electrical systems. FLANDERS has offices, warehouses, and Regional Service Centers across North America and in South America, Australia, and Africa. Corporate headquarters is based in Evansville, IN.
“FLANDERS has been a leader in the heavy equipment aftermarket space because of our responsive customer service, expert engineering, and unique manufacturing capabilities. Since the Company’s founding in 1947, FLANDERS has continuously expanded to meet our customers‘ demand for fast, high-quality industrial motor repair. Founders’ experience and guidance were critical in helping us find the right partner in Center Rock, and we are excited to pursue our next phase of growth,” stated Allen Patterson, CEO of FLANDERS.
“It has been a pleasure for our team at Founders to assist Allen and his management team during this exciting inflection point in the Company’s history. We are grateful for the opportunity to help FLANDERS find the ideal partner to capitalize on the Company’s strong growth trajectory, and we look forward to seeing the Company’s future success,” commented John Sinders, Managing Director at Founders Advisors.
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Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across technology, business services, consumer, energy, healthcare, and industrial industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services discussed herein, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory, LLC is a wholly-owned subsidiary of Founders Advisors, LLC. Founders Advisors, LLC does not provide investment advice. For more information, please visit www.foundersib.com.