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DNOW Inc. Announces Agreement to Acquire Whitco Supply, LLC

PUBLIC · DNOWFeb 06, 2024

Acquiring Company

DNOW

Acquired Company

Whitco Supply

HoustonBroussardManufacturingInformation TechnologyEnergyOil And GasEnergyOil And GasRenewable Energy

Description

DNOW Inc. has entered into an agreement to acquire Whitco Supply, LLC in an all-cash transaction, subject to regulatory approvals and other customary closing conditions. The acquisition of Whitco Supply aligns with DNOW's strategic objectives to diversify end-markets and enhance its earnings and free cash flow profile. The acquisition will bring a talented team with extensive product expertise to support an expanded set of customers in the midstream and other markets.

Quick answer

DNOW is acquiring Whitco Supply, announced February 6, 2024. DNOW is based in Houston, Texas, United States.

How much did DNOW pay for Whitco Supply?
The deal value was not disclosed.
What does DNOW do?
DNOW Inc. is a worldwide supplier of energy and industrial products and packaged, engineered process and production equipment with a legacy of 160 years.
Where are DNOW and Whitco Supply based?
DNOW is based in Houston, Texas, United States. Whitco Supply is based in Broussard, Louisiana, United States.
Who are the decision-makers at DNOW?
Fundz holds 3 contacts at DNOW. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Energy and Oil And Gas

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Company Information

Company

DNOW

Location

7402 North Eldridge Parkway

Houston, Texas, United States

About

DNOW Inc. is a worldwide supplier of energy and industrial products and packaged, engineered process and production equipment with a legacy of 160 years. It has approximately 2,475 employees and a network of locations worldwide. DNOW offers a broad set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW® that provide customers world-class technology for digital commerce, data and information management.

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Frequently asked

Who acquired Whitco Supply?

Whitco Supply was acquired by DNOW, based in Houston. The deal was reported on February 6, 2024. DNOW Inc. is a worldwide supplier of energy and industrial products and packaged, engineered process and production equipment with a legacy of 160 years. DNOW is publicly traded (DNOW) and operates in Manufacturing.

When did DNOW acquire Whitco Supply?

DNOW's acquisition of Whitco Supply was reported on February 6, 2024. DNOW Inc. has entered into an agreement to acquire Whitco Supply, LLC in an all-cash transaction, subject to regulatory approvals and other customary closing conditions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Whitco Supply do?

Whitco Supply, LLC, founded in 2003 by the Dawes family, provides energy products and solutions to the midstream market, as well as the broader energy sectors. It has approximately 230 employees across eight locations in the United States. It is privately held, operating in Energy, and is based in Broussard.

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