# DNOW to acquire MRC Global in ~$1.5B all-stock merger

DNOW Inc. entered a definitive merger agreement to acquire MRC Global in an all-stock transaction valued at about $1.5 billion including net debt, creating a combined energy and industrial solutions provider with over 350 locations in more than 20 countries.

- Type: Acquisition
- Announced: 2025-06-26
- Where: United States
- Value: $1.50B
- Status: announced
- Products: pipe, valves and fittings distribution, energy and industrial supply chain solutions

## Companies

- [MRC Global](https://endata.com/companies/1283.md) (target)
- [DNOW](https://endata.com/companies/11047.md) (acquirer)

## Sources

- [ir.dnow.com](https://ir.dnow.com/node/12131/html), 2025-06-26: "DNOW will acquire MRC Global in an all-stock transaction valued at approximately $1.5 billion, inclusive of MRC Global's net debt."
- [investor.mrcglobal.com](https://investor.mrcglobal.com/news/news-details/2025/DNOW-and-MRC-Global-to-Combine-in-All-Stock-Transaction-Creating-a-Premier-Energy-and-Industrial-Solutions-Provider/default.aspx), 2025-06-26: "DNOW will acquire MRC Global in an all-stock transaction valued at approximately $1.5 billion, inclusive of MRC Global's net debt."
- [valvemagazine.com](https://valvemagazine.com/news/page/8/), 2025-07-01: "The combination of the two companies will create a broader geographic reach and a more diversified product line offering."
- [industrialvalvenews.com](https://www.industrialvalvenews.com/featured/dnow-and-mrc-global-to-combine-in-all-stock-transaction-creating-a-premier-energy-and-industrial-solutions-provider/), 2025-07-01: "DNOW will acquire MRC Global in an all-stock transaction valued at approximately $1.5 billion, inclusive of MRC Global's net debt."
- [valve-world-americas.com](https://valve-world-americas.com/tag/merger-agreement/), 2025-08-04: "DNOW will acquire MRC Global in an all-stock transaction valued at approximately $1.5 billion, including MRC Global's net debt."

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