# 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.

- Type: Acquisition
- Announced: 2024-08-13
- Where: Houston, Texas, United States
- Value: $290.0M
- Status: announced
- Products: severe service isolation valves, aftermarket services
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Flowserve](https://endata.com/companies/911.md) (acquirer)
- [MOGAS Industries](https://endata.com/companies/1854.md) (target)
- [Foley & Lardner LLP](https://endata.com/companies/12152.md) (partner)

## Sources

- [flowserve.com](https://www.flowserve.com/company/storiesinsights/flowserve-acquire-mogas-industries-accelerating-3d-growth-strategy/), 2024-08-13: "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."
- [foley.com](https://www.foley.com/news/2024/08/foley-represents-mogas-industries-in-sale-to-flowserve/), 2024-08-13: "The transaction is expected to close in the fourth quarter of 2024 at a value of $290 million with a potential $15 million earnout."
- [valve-world-americas.com](https://valve-world-americas.com/flowserve-to-acquire-mogas-industries-accelerating-3d-growth-strategy/), 2024-09-19: "Flowserve Corporation ... announced that it has signed a definitive agreement to acquire MOGAS Industries, a privately held, Houston-based provider of mission-critical severe service valves."
- [onlyvalves.com](https://onlyvalves.com/category/valve-news/), 2024-11-29: "Flowserve Expands Market Reach with $290 Million Acquisition of MOGAS Industries"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.