Owings Mills, MD – Platte River Equity (“Platte River”), a Denver-based private equity firm, is pleased to announce that its portfolio company TIPCO Technologies (“TIPCO”) has acquired Flexline, Inc. (“Flexline” or the “Company”). Founded in 1950 and based in Kenilworth, NJ, Flexline is a manufacturer of custom specialty hose assemblies, with an emphasis on metal hoses, for a diverse range of industries including aerospace, pharmaceuticals, cosmetics and semiconductors. Flexline’s complementary product offering and strong share in highly sought-after markets further bolsters TIPCO’s position as a premier fluid conveyance solutions provider. TIPCO has now completed five add-on acquisitions since partnering with Platte River in December 2023.
“TIPCO Technologies is excited to welcome Jeff Scheininger and Team Flexline to our family of people and partnerships. Flexline’s commercial commitment to emerging markets featuring innovative engineered solutions holds great promise for sustainable growth,” said Rob Lyons, TIPCO CEO of Commercial Business.
“We are excited to be joining the TIPCO family of companies. This partnership marks a significant milestone in our journey. Together, we will continue to offer unmatched service, reliability and quality to our valued customers,” said Jeff Scheininger, President of Flexline.
Platte River Principal Mike Reilly added, “The partnership between TIPCO and Flexline represents another step forward as we build a best-in-class platform in the fluid conveyance space. Flexline’s deep expertise in specialty hose manufacturing, combined with TIPCO’s national distribution footprint, e-store and customer base, creates a powerful combination for accelerated growth."
