Flowserve Acquires MOGAS Industries

MOGAS Industries Acquires Watson Valve Assets

July 1, 2020

Industrial Services

MOGAS Industries, Inc. completed the acquisition of assets of Houston-based Watson Valve, a turn-key manufacturer of severe service valves and provider of repair and coating services. The purchase expands MOGAS' valve supply and repair capabilities and broadens its end-market reach in mining (with additional exposure to oil & gas and chemical industries) and adjacent autoclave/pressure-leach opportunities.

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.

Flowserve Acquires Greenray Turbine Solutions

December 16, 2025

Industrial Services

Flowserve Corporation has acquired U.K.-based Greenray Turbine Solutions Limited for approximately $72 million in cash. The purchase expands Flowserve's aftermarket capabilities and durable revenue base in industrial gas turbines and is expected to add roughly $25 million of annual revenue.

SCF Partners Acquires Entegris' Pipeline and Industrial Materials Business (Flowchem, Val-Tex, Sealweld)

March 4, 2024

Industrial Services

SCF Partners, a Houston-based private equity firm, acquired the Pipeline and Industrial Materials (PIM) business from Entegris, consisting of Flowchem, Val-Tex, and Sealweld. The transaction brings specialized pipeline chemicals (drag reducing agents) and valve maintenance products and services into SCF's energy & infrastructure portfolio to accelerate growth and address midstream pipeline efficiency and emissions reduction.

United Flow Technologies Acquires Shape, Engineered Equipment Solutions, Newman Regency Group and Southwest Valve & Equipment

July 14, 2022

Industrial Services

United Flow Technologies (a H.I.G. Capital portfolio platform) completed add-on acquisitions of Shape, Inc.; Engineered Equipment Solutions; Newman Regency Group; and Southwest Valve & Equipment to expand its municipal and industrial water/wastewater product and service footprint across the United States. Each company will remain branded and led by its existing management team, with key principals joining as shareholders of UFT; terms were not disclosed.

Dresser Natural Gas Solutions Acquires Flow Safe, Inc.

November 5, 2020

Manufacturing

Dresser Natural Gas Solutions acquired Flow Safe, Inc., a manufacturer of over-pressure protection solutions, in a transaction that closed on October 30, 2020. GulfStar Group served as exclusive financial advisor to Flow Safe; the acquisition expands Dresser NGS's product capabilities and enables entry into new end markets such as aerospace, marine and industrial/specialty gas.