Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.

Leadership

Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Financial Advisor

FCx Performance, Inc.

$784 Million 02/01/2018 Specialty Distribution Complete
Financial Sponsors
Show Tombstone

Transaction Details

  • On February 1, 2018, Applied Industrial Technologies (NYSE: AIT) announced it had completed the previously announced acquisition of FCx Performance, Inc. (FCx), a leading distributor of specialty process flow control products and services
  • Based in Columbus, Ohio, FCx operates 68 locations with more than 1,000 team members
  • The total purchase price of the acquisition after contractual working capital adjustments was approximately $784 million, and was financed with a new credit facility comprised of a $780 million Term Loan A and a $250 million revolver
  • Stephens Inc. served as financial advisor to FCx Performance, Inc. in the transaction

About the company

FCx Performance
FCx Performance is a leading process flow control company, providing technical, mission-critical products and services to more than 15,000 end-users, OEMs, and EPC firms across a broad range of industries and markets. For additional information, please visit http://www.fcxperformance.com.

Applied Industrial Technologies
Founded in 1923, Applied Industrial Technologies is a leading distributor of bearings, power transmission products, engineered fluid power, specialty flow control solutions, and other industrial supplies, serving MRO and OEM customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, fluid power, and flow control shop services. Applied also offers storeroom services and inventory management solutions that provide added value to its customers. For additional information, please visit https://www.applied.com.

Sources: Applied Industrial Technologies Press Release and FCx Performance Website
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.