Amberjack Opens the Valve on PMV’s Independence

Amberjack Capital Partners has acquired PMV Automation from Flowserve Corporation in partnership with industry veterans Joseph Jobe and Micah Floyd, who will lead the business after closing.

PMV Automation makes the devices that position and monitor industrial control valves — the valve positioners and limit switches that tell a valve exactly how far to open and confirm that it did so — allowing plants to run safely and precisely. The company’s products are used in a range of process industries, including water and wastewater, power, pulp and paper, pharmaceuticals, food and beverage, chemicals, and refining.

The PMV brand traces back more than 85 years and the company operates from locations in Houston, Texas, and Solna, Sweden, and reaches customers through a network of distributors and OEM partners. PMV had been part of Flowserve (NYSE: FLS) a provider of fluid-motion and control products and services that operates in more than 50 countries and makes engineered and industrial pumps, seals, and valves alongside related flow-management services.

Amberjack acquired PMV in partnership with Joseph Jobe and Micah Floyd who take over leadership of the now independent company.

“PMV has an outstanding reputation earned over decades of reliable service in demanding process industry end markets,” said Mr. Jobe. “As a standalone company backed by Amberjack, we will have the focus and resources to invest in our people, our products, and our channel partners.”

“The strength of PMV starts with its people and its products,” said Mr. Floyd. “We are committed to preserving what makes PMV special, including its engineering excellence and product reliability, while building the commercial and operational capabilities of an independent market leader. We are grateful to Flowserve for its stewardship of the business and excited about what comes next.”

The global market for control valves was valued at about $10.6 billion in 2025 and is expected to grow near 5% a year to roughly $16.5 billion by 2034, according to MarketsandMarkets, while the narrower category of valves, actuators, and positioners — where PMV competes — is estimated in the range of $3.2 billion to $5.5 billion depending on how the category is drawn. Valve positioners themselves account for roughly $2 billion of that, per Reportprime.Demand in the sector is tied to capital spending in water and wastewater, power, refining, and chemicals, along with a long refit cycle as aging plants swap mechanical controls for smart, digital positioners that feed data into predictive-maintenance systems. It is a market of entrenched brands and specification-driven buyers, where an installed base and distributor relationships — the assets PMV brings — carry unusual weight.

“PMV is exactly the kind of business we look for at Amberjack: a trusted brand with mission-critical products, deep customer relationships, talented and dedicated employees, and meaningful growth opportunities,” said Jason Turowsky, managing partner at Amberjack Capital. “We are excited to partner with Joey, Micah, and the entire PMV team to continue the legacy of this longstanding, technology-driven brand as we support its next chapter of growth.”

Amberjack invests from $20 million to $75 million of equity in companies that have enterprise values between $20 million and $175 million, minimum revenues of $20 million, and minimum EBITDA of $5 million. The firm’s sectors of interest include industrial products and services, infrastructure products and services, and environmental products and services. Amberjack traces its roots to Intervale Capital, which was founded in 2006 and adopted the Amberjack name in May 2021. Since formally launching its current strategy in 2020, the firm has raised more than $800 million of committed capital.

Irving, Texas-headquartered Flowserve is one of the world’s foremost providers of fluid motion and control products and services. The company designs, manufactures and services pumps, valves, seals, automation equipment and other flow-management systems used in industrial applications in the oil and gas, chemical, power generation, water management and general industrial markets.

“PMV has been a valued part of our organization, and we’re proud of what the team has built over the years,” said Chika Kekeocha, vice president of automation and control valves at Flowserve. “As Flowserve continues to sharpen its focus on our core portfolio, we’re pleased to see PMV enter its next chapter with Amberjack as a partner committed to the business and its people. We wish the team continued success.”

Piper Sandler was the financial advisor to Amberjack on this transaction.