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Flowserve to Acquire MOGAS Industries for $290 million with potential $15 million earnout
Aug 13, 2024•almost 2 years ago
Contract Type
acquisition
IrvingManufacturingEnergyOil And GasRenewable Energy
Description
Flowserve Corporation has announced a definitive agreement to acquire MOGAS Industries for $290 million with a potential $15 million earnout. MOGAS is a Houston-based provider of severe service valves and aftermarket services, and the transaction is expected to close in the fourth quarter of 2024.
Company Information
Company
Flowserve Corporation
Location
Irving, Texas, United States
About
Flowserve Corporation is a leading provider of flow control products and services for the global infrastructure markets. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.
IrvingManufacturingEnergyOil And GasRenewable Energy