DNOW has completed the acquisition of MRC Global Inc, creating a premier solutions provider to the energy and industrial markets.
The combined company will bring together 350+ combined service and distribution locations across more than 20 countries. As a result, it will significantly broaden the geographic reach and service capabilities of both entities.
The agreement was first announced in June 2025 that DNOW will acquire MRC Global in an all-stock transaction valued at approximately $1.5 billion, including MRC Global’s net debt.
Under the agreement, shares of MRC’s common stock is converted into the right to receive 0.9489 shares of DNOW’s common stock. Its stock will no longer be listed for trading on the New York Stock Exchange (the “NYSE”). Additionally, MRC Global will no longer have reporting obligations under the Securities Exchange Act of 1934.
DNOW anticipates to deliver significant strategic, operational and financial benefits to shareholders. These include diverse growth opportunities, expanded geographic footprint and distribution presence in North America and international markets. Substantial cash flow generation for growth and a strong balance sheet with a streamlined capital structure are additional benefits.
In early October, DNOW announced its executive leadership and Board of Directors. It’s comprised of leaders from both companies who bring expertise and proven track records across the energy and industrial sectors. For more information visit DNOW at https://ir.dnow.com/
Courtesy of DNOW, Inc.