Tag: acquisition

NIBCO INC. completed the acquisition of Milwaukee Valve Company at the end of November 2019.NIBCO Chairman Rex Martin stated: “We are thrilled to build upon and deepen Milwaukee Valve’s long history of high standards of manufacturing excellence and serving its customers.

Amsted Seals and Forming, a sealing solutions and metal fabrication company, recently acquired Clark Seals Ningbo, which will be renamed Amsted Seals Ningbo (ASN).

JB Industries, a US manufacturer of HVAC/R tools and accessories, has recently completed its acquisition of C&D Valve.

Hunt Valve, a US specialty valve engineering and manufacturing company, recently completed their acquisition of Pima Valve.Pima Valve supplies severe-duty bronze marine valves, and a large variety of special bronze and alloy steel products that meet specific performance requirements for U.S., Canadian and NATO-friendly Navy ships and commercial marine applications.“We are proud to support Hunt Valve’s growth both organically and through acquisitions of high-performing businesses such as MB Valve and now Pima Valve,” said Stephen Griesemer, Partner at May River Capital.

Russel Metals Inc. has completed the announced acquisition of City Pipe & Supply.City Pipe & Supply is a leader in the supply of valves, pipes and fittings to oil and gas companies in the Permian Basin, as well as in the Eagle Ford, Granite Wash, Barnett basins and Haynesville, which together account for approximately 60% of active drilling rigs in the United States.

NIBCO will be acquiring Milwaukee Valve Co and expects the transaction to close within the fourth quarter of 2019, pending approvals.

Sunbelt Supply, a company of Clearlake Capital, has acquired Severe Service Specialists (Triple S).Triple S is a manufacturer’s representative of severe application valves used in extreme temperature, high pressure, abrasive, corrosive, and acidic conditions in power generation, refining, and other industrial applications.

IMI plc, a world-leading provider of flow control solutions, announces the proposed acquisition of PBM Inc., a leading US-based producer of high-quality valves.

The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction, in which Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for $965 million.

Occidental Petroleum has announced the successful completion of its acquisition of Anadarko Petroleum in a transaction valued at $55 billion.“With Anadarko’s world-class asset portfolio now officially part of Occidental, we begin our work to integrate our two companies and unlock the significant value of this combination for shareholders,” said Vicki Hollub, president and Chief Executive Officer.