# Halliburton agrees to sell Dresser Equipment Group to First Reserve and Odyssey Investment Partners

Halliburton signed a definitive agreement to sell its Dresser Equipment Group, a maker of valves, instruments and industrial equipment, to an investor group led by First Reserve and Odyssey Investment Partners for $1.55 billion in cash and assumed liabilities. Halliburton will keep a five percent equity stake.

- Type: Acquisition
- Announced: 2018-02-08
- Where: United States
- Value: $1.55B
- Status: announced
- Products: valves, industrial instruments, blowers, fuel dispensers, engines
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Halliburton](https://endata.com/companies/690.md) (partner)
- [Odyssey Investment Partners](https://endata.com/companies/946.md) (investor)
- [First Reserve Corporation](https://endata.com/companies/2789.md) (investor)
- [Dresser Equipment Group](https://endata.com/companies/2790.md) (target)

## Sources

- [ir.halliburton.com](https://ir.halliburton.com/news-releases/news-release-details/halliburton-announces-agreement-sell-dresser-equipment-group), 2018-02-08: "Total consideration for the transaction is $1.55 billion in cash and assumed liabilities."

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