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FCX Performance switching sponsors

October 9, 2012: 11:40 AM ET

Ohio company getting yet another new private equity owner.

FORTUNE -- Private equity firm Harvest Partners in in talks to acquire FCX Performance Inc.,  a Columbus, Ohio-based distributor of specialty flow control equipment, according to an FTC filing. The seller would be Sterling Investment Partners, which acquired FCX in October 2008 for an undisclosed amount.

The predecessor company to FTX was founded in 1984 as Simco Controls, by current FTX chief executive Charlie Simon. In 1999, Simco was acquired by a subsidiary of a UK company, and renamed FCX International.

Since then, it has had multiple private equity owners. British private equity firm Alchemy Partners acquired the parent company in 2002, and three years later Simon carved out FCX with the help of Stonehenge Partners. Then came Sterling in 2008, and now Harvest Partners.

Simon declined to comment on the new deal, while messages left for Harvest and Sterling have not yet been returned.

According to its website, FCX currently has over 400 employees and provides its valves and instrumentation products to markets that include food, pharmaceuticals, energy, paper and petroleum.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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