Flowco Holdings Acquires Valiant Artificial Lift Solutions

Valveworks USA Acquires Lancaster Flow Automation

October 31, 2024

Manufacturing

Valveworks USA has acquired Lancaster Flow Automation effective October 31, 2024. Lancaster, a Houston-based manufacturer of high-performance choke products and flow-control automation with patented technology, will be integrated into Valveworks' manufacturing and distribution footprint to expand its choke product offerings for the oil and gas market.

NOV Acquires Extract Companies from Riata Capital Group

January 30, 2024

Oil & Gas

NOV (National Oilwell Varco) has acquired Extract Companies, LLC, a Tulsa-based provider of artificial lift systems and ESP services, from Riata Capital Group. Under Riata's ownership Extract grew from under $10M to roughly $250M in revenue across nine facilities; terms were not disclosed and NOV said the acquisition will expand its artificial lift capabilities and customer service footprint.

Flowserve Corporation Acquires Velan Inc. for Approximately $245M

February 10, 2023

Manufacturing

Flowserve Corporation agreed to acquire Velan Inc. in an all-cash transaction valued at approximately $245 million (C$329 million), including assumption of outstanding debt. The acquisition adds Velan's engineered industrial valve products, aftermarket opportunities and technical expertise—particularly in nuclear, cryogenic and defense markets—to Flowserve's Flow Control Division and is expected to deliver cost synergies and be accretive to adjusted EPS in the first full year after close.

FloWorks Acquires Assured Automation

August 20, 2024

Industrial Services

FloWorks International, a Wynnchurch Capital portfolio company, has acquired Assured Automation, a Roselle, New Jersey-based distributor of valve automation and flow meter products that sells through e‑commerce platforms. The deal expands FloWorks' online sourcing and flow-control capabilities and is the platform's third acquisition in the last 12 months.

Flowserve Acquires MOGAS Industries

August 13, 2024

Manufacturing

Flowserve Corporation agreed to acquire Houston-based MOGAS Industries for $290 million upfront plus up to a $15 million earnout (approximately $305 million including earnout), strengthening Flowserve’s severe-service valve portfolio and aftermarket capabilities. The deal, expected to close in 4Q 2024 (now completed per later release), roughly doubles Flowserve’s direct mining and mineral-extraction exposure and will integrate MOGAS into Flowserve’s Flow Control Division.

Vessco Water Acquires Atlantic Fluid Technology

November 21, 2025

Industrial Services

Vessco Water announced that Atlantic Fluid Technology (Northborough, Massachusetts) has joined the Vessco Water platform as an add-on acquisition. The deal expands Vessco's presence in New England's municipal and industrial water and wastewater markets and adds engineering, distribution, and field-service capabilities focused on valves, actuators, control panels and flow-control equipment.