Add-on Acquisition • Distribution

DNOW Acquires Challenger Industries

On August 4, 2015, DNOW acquired distribution company Challenger Industries

Acquisition Context
  • This is DNOW’s 2nd transaction in the Distribution sector.
  • This is DNOW’s 2nd transaction in the United States.
  • This is DNOW’s 1st transaction in North Dakota.

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M&A Deal Summary

Date August 4, 2015
Target Challenger Industries
Sector Distribution
Buyer(s) DNOW
Deal Type Add-on Acquisition

Target Company

Challenger Industries

Bismarck, North Dakota, United States
Challenger Industries, Inc. is a pipe, valves and fittings supplier for the downstream, midstream and upstream energy markets.
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Buyer Overview 1

Buyer

DNOW

Houston, Texas, United States

Category Company
Founded 1862
Sector Energy Services and Equipment
Employees2,395
Revenue 2.4B USD (2024)
DESCRIPTION

DNOW is a provider of energy products to the worldwide energy and industrial market. DNOW was founded in 2013 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 2 of 9
Sector: Distribution 2 of 4
Type: Add-on Acquisition 2 of 8
State: North Dakota 1 of 1
Country: United States 2 of 9
Year: 2015 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Odessa Pumps and Equipment

Odessa, Texas, United States

Odessa Pumps and Equipment, Inc. is a distributor of pumps and equipment for the Oil & Gas and Municipal and Wastewater markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 Power Service

Casper, Wyoming, United States

Power Service, Inc. is a provider of rotating and process equipment engineering, design, installation, fabrication and service solutions. It manufactures below for air / natural gas compressors & dryers, blowers and filtrations as well as generators, mechanical seals and pump equipment.

Buy -