M&A Deal Summary

Dresser Acquires Entech Industries

On June 21, 2000, Dresser acquired manufacturer Entech Industries from First Reserve for 70M USD

Acquisition Highlights
  • This is Dresser’s 2nd transaction in the Manufacturing sector.
  • This is Dresser’s largest (disclosed) transaction.
  • This is Dresser’s 1st transaction in the United States.
  • This is Dresser’s 1st transaction in Texas.

M&A Deal Summary

Date 2000-06-21
Target Entech Industries
Sector Manufacturing
Buyer(s) Dresser
Sellers(s) First Reserve
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

Entech Industries

Texas, United States
Entech designs and manufactures valves under the Ring-O Valve, Control Seal, EDG, IVL, Meer, WWP, Valcontrol, and LVF brands.

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Buyer(S) 1

Buyer

Dresser

Elk Grove Village, Illinois, United States

website


Category Company
Sector Energy Services and Equipment
Employees8,300
Revenue 2.0B USD (2009)
DESCRIPTION

Dresser, Inc. provides highly engineered products for the global energy infrastructure. Dresser's broad portfolio of products includes valves, actuators, meters, switches, regulators, piping products, natural gas-fueled engines, retail fuel dispensers and associated retail point of sale systems, and air and gas handling equipment.


DEAL STATS #
Overall 2 of 3
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-03 Valgro

Calgary, Alberta, Canada

Valgro, Ltd. is a Canadian manufacturer of ball and gate valves.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-06 Ashcroft

Stratford, Connecticut, United States

Ashcroft, Inc. is a manufactures a variety of pressure gauges, transducers, transmitters, pressure and temperature switches and other devices used in a wide variety of applications and industries.

Sell -

Seller(S) 1

SELLER

First Reserve

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1983
PE ASSETS 32.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 2 of 54
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 18
State (Texas) 2 of 20
Country (United States) 2 of 37
Year (2000) 1 of 1
Size (of disclosed) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-01 Basic Energy Services

Fort Worth, Texas, United States

Basic Energy Services is a provider of well-site services for oil and gas exploration and production companies. These services are fundamental to establishing and maintaining the flow of oil and gas from a well throughout its life cycle. Basic Energy Services was formed in 1992 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 CB&I

S-Gravenhage, Netherlands

CB&I is an engineering and construction company specializing in the design and engineering, fabrication, field erection, and repair of bulk liquid terminals, storage tanks, process vessels, low temperature and cryogenic storage facilities and other steel plate structures and their associated systems. CB&I primarily serves customers in the petroleum, petrochemical, chemical, electric and gas utility, pulp and paper and metals and mining industries. CB&I was founded in 1889 and is based in S-Gravenhage, Netherlands.

Buy -