Flowserve to acquire MOGAS Industries for $290 million

Flowserve signed a definitive agreement to acquire privately held MOGAS Industries, a Houston-based maker of severe service valves, for $290 million plus a potential $15 million earnout. Closing is expected in Q4 2024.

“Flowserve Corporation announced today that it has signed a definitive agreement to acquire MOGAS Industries, a privately held, Houston-based provider of mission-critical severe service valves and associated aftermarket services for $290 million with a potential $15 million earnout.”flowserve.com

• 4 sources
• flowserve.comFlowserve to Acquire MOGAS Industries, Accelerating 3D Growth Strategy | FlowserveAug 13, 2024
• foley.comFoley Represents MOGAS Industries in Sale to FlowserveAug 13, 2024
• valve-world-americas.comFlowserve to Acquire MOGAS Industries, Accelerating 3D Growth Strategy - Valve World AmericasSep 19, 2024
• onlyvalves.comValve News – OnlyValves.COMNov 29, 2024

Summarized from public sources; check the original articles before acting on it.