Divestiture • Energy Services and Equipment

DNOW Acquires GR Energy Services - Flex Flow

On March 1, 2021, DNOW acquired energy services and equipment company GR Energy Services - Flex Flow from GR Energy Services

Acquisition Context
  • This is DNOW’s 1st transaction in the Energy Services and Equipment sector.
  • This is DNOW’s 6th transaction in the United States.
  • This is DNOW’s 2nd transaction in Texas.

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M&A Deal Summary

Date March 1, 2021
Target GR Energy Services - Flex Flow
Sector Energy Services and Equipment
Buyer(s) DNOW
Sellers(s) GR Energy Services
Deal Type Divestiture

Target Company

GR Energy Services - Flex Flow

Midland, Texas, United States
GR Energy Services LLC's Flex Flow is a provider of H-pump solutions for applications across the energy industry. Flex Flow has earned a widespread reputation of H-pump expertise throughout the lifecycle of the application, via its suite of a rental, permanent installation, and service, and support offerings. GR Energy Services LLC's Flex Flow is based in Midland, Texas.
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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 6 of 9
Sector: Energy Services and Equipment 1 of 3
Type: Divestiture 1 of 1
State: Texas 2 of 3
Country: United States 6 of 9
Year: 2021 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-13 EcoVapor

Denver, Colorado, United States

EcoVapor is a provider of vapor recovery and oxygen removal solutions at hydrocarbon production facilities. EcoVapor Recovery Systems was founded in 2010 and is based in Denver, Colorado.

Buy -

Seller Profile 1

SELLER

GR Energy Services

Sugar Land, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

GR Energy Services is an oilfield products and services company focused primarily on onshore production and downhole completion services in North America. GR Energy Services is based in Sugar Land, Texas.


Deal Context for Seller #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1