A Charlotte, North Carolina-based company, Flow Control Group, has been acquired by its executives and Bertram Capital for an undisclosed amount.

Flow Control Group is the largest independent specialty high-value flow control and fluid handling distribution company in North America, servicing more than 10,000 customers and 2,000 suppliers.

The company’s senior leadership plans to acquire other businesses with strong market reputations and customer and supplier relationships in their respective markets.

The company also wants to diversify its product portfolio.

Bertram’s investment in Flow Control Group represents the seventh acquisition completed in its third investment fund.

“As we considered potential partners, Bertram’s differentiated value creation approach and past success in implementing buy-and-build strategies to create industry-leading companies distinguished the firm,” said David Patterson, CEO of Flow Control Group, in a statement. “Bertram’s experience in the flow control and fluid handling industry, and distribution market segments, coupled with a shared vision for the opportunities to expand Flow Control Group’s business, made Bertram our partner of choice.”

Bertram Capital is a private equity firm with over $1.4 billion in capital targeting investments in lower middle market companies. Bertram Capital’s core objective is to move companies and their management and employees toward long-term success.

“We have been extremely impressed with the duration and diversity of Flow Control Group’s tenured customer and supplier relationships, including customers across industrial, life sciences, petrochemical, chemicals, food and beverage and power generation industry segments,” said Kevin Yamashita, partner at Bertram Capital, in a statement.