Flowserve Corp. has agreed to acquire Houston-based MOGAS Industries for $290 million, with a potential $15 million earnout. The deal is expected to close in the fourth quarter of 2024.
Founded in 1973, MOGAS manufactures severe service isolation valves, serving various end-markets, such as mining and power, with a solid international presence. The acquisition expects to contribute approximately $200 million of revenue with adjusted EBITDA margins in the high teens.
This acquisition will enhance Flowserve’s existing valve portfolio, roughly doubling its exposure to the mining and mineral extraction sectors while creating significant aftermarket opportunities.
Scott Rowe, Flowserve’s CEO, highlighted the strategic fit and financial benefits of combining MOGAS’ expertise with Flowserve’s capabilities, which will ultimately enhance value for shareholders and customers. “MOGAS is highly complementary to Flowserve’s current valve portfolio and further advances our 3D growth strategy by roughly doubling our direct mining and mineral extraction exposure and driving further diversification,” the CEO said. “The combination creates technically differentiated scale in severe service flow control with significant aftermarket contribution. This acquisition meets our disciplined financial criteria and positions us to enhance value for all our shareholders, customers and associates. We are excited to welcome the MOGAS team to Flowserve.”
Blue Yonder Finalizes $839 Million Acquisition
Blue Yonder, a local company that specializes in digital supply chain transformation, has finalized the acquisition of One Network Enterprises for approximately $839 million, marking its third acquisition since the start of 2023.
This move will enable Blue Yonder customers to collaborate in real-time with trading partners across its supply chains, addressing increasing market volatility and disruptions.
After integrating One Network’s technology, Blue Yonder expects it to provide enhanced visibility, resource optimization, and real-time data sharing, facilitating more accurate decision-making. Blue Yonder aims to transform the supply chain landscape with AI-powered solutions that improve responsiveness and collaboration among the growing Network of 150,000 trading partners. The acquisition supports Blue Yonder’s expansion in Dallas, where it plans to establish a global innovation center and a customer experience center.
Aldinger Co. Acquires California Company
Aldinger Co. is set to acquire Cal-Labs, a provider of calibration and quality assurance solutions based in Southern California. This will enhance Aldinger’s service offerings and expand its geographical reach, allowing for improved calibration services, timely repairs, and equipment rentals across North America.
Joe Moser, CEO of Aldinger Company, said, “We are excited to welcome Cal-Labs to the Aldinger family. Its expertise in dimensional and mechanical calibration, along with its A2LA accreditation, will enhance service offerings and expand our geographical footprint, benefiting our valued customers nationwide.”
Trinity Consultants Acquires ECS
Trinity Consultants has acquired Environmental Compliance & Safety. ECS is a Mississippi-based consulting firm specializing in environmental and safety expertise. ECS has been aiding clients since 2002 in navigating complex environmental regulations through comprehensive permitting strategies, monitoring, and training solutions.
This acquisition will enhance Trinity’s environmental consulting capabilities and strengthen its position as an EHS market leader in the Gulf and Southeast regions. ECS’s leadership team will continue to play a significant role in Trinity’s operations, further expanding their combined expertise and geographic reach.
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