Flowserve completed its acquisition of MOGAS Industries on October 15, 2025, adding severe-service isolation valves for mining, minerals, energy and processing industries. The article was published October 20, 2025.

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.

Turnspire Capital Partners has acquired Swanson Industries, a Morgantown, West Virginia maker of hydraulic equipment for mining and industrial use, from AEA Investors. The deal also includes Swanson's controlling stake in Tiefenbach North America. No deal value was disclosed.

US pump rental and dewatering provider Holland Pump Company completed its acquisition of Florida Dewatering, based in Tampa, Florida, in Q2 2024.

Lufkin Industries completed its acquisition of Schlumberger's North American Land Rod Lift Business, a provider of rod lift products and services with brands including Don-Nan and Shores Lift Solutions.

Caterpillar signed an agreement to acquire the Oil & Gas division of Scotland-based Weir Group for $405 million in cash, pending shareholder and regulatory approval. The division is headquartered in Fort Worth, Texas.

MOGAS Industries has completed the acquisition of assets of Watson Valve, a Houston-based maker of severe service valves that also offers repair and coating services. Watson has a global install base of over 3,400 valves, mainly in mining.

The Weir Group has completed its acquisition of ESCO Corporation, effective July 12, 2018. The deal was announced in April 2018 at an estimated enterprise value of just under $1.3 billion, and ESCO will operate as a new Weir division.

Boyne Capital, a Florida private equity firm, partnered with management to acquire A.S.A.P. Industries Manufacturing, a Houma, Louisiana maker of high-pressure flow control products for the oil and gas industry. Terms were not disclosed.