# First Reserve to acquire Weir Flow Control from The Weir Group for £275M

First Reserve agreed to buy Weir Flow Control, a maker of engineered valves and pumps, from The Weir Group PLC in a £275 million deal. Closing is expected in the second quarter of 2019, subject to antitrust approvals.

- Type: Acquisition
- Announced: 2019-02-25
- Where: United Kingdom
- Value: $360.0M (275.0M GBP)
- Status: announced
- Products: engineered valves, centrifugal pumps, pressure relief valves, aftermarket parts
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Weir Group](https://endata.com/companies/797.md) (partner)
- [Weir Group](https://endata.com/companies/797.md) (target)
- [Weir Flow Control](https://endata.com/companies/1127.md) (target)
- [First Reserve Corporation](https://endata.com/companies/2789.md) (acquirer)

## Sources

- [privateequityinternational.com](https://www.privateequityinternational.com/first-reserve-to-buy-weir-flow-control/), 2019-02-25: "£275 million acquisition of a provider of engineered valves and pumps in the global energy and industrial sectors"
- [prnewswire.com](https://www.prnewswire.com/news-releases/first-reserve-signs-agreement-to-acquire-weir-flow-control-a-subsidiary-of-the-weir-group-plc-300800964.html), 2019-02-25: "£275 million acquisition of a provider of engineered valves and pumps in the global energy and industrial sectors"
- [altassets.net](https://www.altassets.net/private-equity-news/by-news-type/deal-news/first-reserve-agrees-two-deals-in-less-than-a-week-in-weir-flow-control-refuel-inc-buyouts.html), 2019-02-25: "First Reserve has agreed to buy gas station chain Refuel Inc and spin-out valve and pump manu"
- [peprofessional.com](https://peprofessional.com/2019/02/first-reserve-carves-weir-flow-control-2/), 2019-02-26: "First Reserve has agreed to acquire Weir Flow Control (WFC), a manufacturer of valves and pumps, from The Weir Group PLC for £275 million ($360 million)."
- [valve-world.net](https://valve-world.net/weir-group-agrees-on-the-sale-of-flow-control-division/), 2019-03-03: "The Weir Group PLC is pleased to announce that it has entered into an agreement to sell its Flow Control division to First Reserve."
- [im-mining.com](https://im-mining.com/2019/07/01/first-reserve-become-new-owners-weirs-flow-control-division/), 2019-07-01: "The Weir Group says it has completed the sale of its Flow Control division to First Reserve for an enterprise value of £275 million ($343 million)."

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