M&A Deal Summary

Flowserve Acquires Greenray Turbine Solutions

On December 16, 2025, Flowserve acquired engineering company Greenray Turbine Solutions from Endless for 72M USD

Acquisition Highlights
  • This is Flowserve’s 1st transaction in the Engineering sector.
  • This is Flowserve’s 6th largest (disclosed) transaction.
  • This is Flowserve’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2025-12-16
Target Greenray Turbine Solutions
Sector Engineering
Buyer(s) Flowserve
Sellers(s) Endless
Deal Type Add-on Acquisition
Deal Value 72M USD

Target

Greenray Turbine Solutions

Lincoln, United Kingdom
Greenray Turbine Solutions provides a comprehensive range of products and technical services to the industrial gas and steam turbine market sectors. Greenray Turbine Solutions is based in Lincoln, United Kingdom.

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Buyer(S) 1

Buyer

Flowserve

Irving, Texas, United States

Category Company
Founded 1790
Sector Energy Services and Equipment
Employees16,000
Revenue 4.6B USD (2024)
DESCRIPTION
Flowserve's corporate headquarters in Irving, Texas.
Flowserve's corporate headquarters in Irving, Texas.

Flowserve is a producer and supplier of pumps, valves, seals, automation, and services to the power, oil, gas, chemical and other industries. Flowserve was founded in 1790 and is based in Irving, Texas.


DEAL STATS #
Overall 12 of 12
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 10
Country: United Kingdom M&A 2 of 2
Year: 2025 M&A 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-08 Flowserve - Herringbone Gear Pump Product Line

Irving, Texas, United States

Flowserve's Herringbone Gear Pump Product Line provides a herringbone gear pump product.

Sell -

Seller(S) 1

SELLER

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.


DEAL STATS #
Overall 54 of 54
Sector: Engineering M&A 5 of 5
Type: Add-on Acquisition M&A Deals 33 of 33
Country: United Kingdom M&A 52 of 52
Year: 2025 M&A 3 of 3
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-02 Ecobat - European Battery Distribution Busines

Derby, United Kingdom

Ecobat's European Battery Distribution Business supplies a comprehensive range of batteries for various applications, including automotive, commercial vehicles, marine, leisure, and industrial uses. Ecobat's European Battery Distribution Business is based in Derby, United Kingdom.

Buy -