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M&A Deal Summary

Flowserve Acquires Mogas

On August 13, 2024, Flowserve acquired manufacturer Mogas for 290M USD

Acquisition Highlights
  • This is Flowserve’s 3rd transaction in the Manufacturing sector.
  • This is Flowserve’s 3rd largest (disclosed) transaction.
  • This is Flowserve’s 4th transaction in the United States.
  • This is Flowserve’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-08-13
Target Mogas
Sector Manufacturing
Buyer(s) Flowserve
Deal Type Add-on Acquisition
Deal Value 290M USD
Advisor(s) Baird (Financial)
Foley & Lardner (Legal)

Target

Mogas

Houston, Texas, United States
Mogas Industries manufactures severe service ball valves for extreme industrial applications. Mogas Industries is the dominant severe service technology company, providing world-renowned services and the best severe service, application-specific products for critical valve applications in power, mining, oil & gas, refining, chemical/petrochemical, pulp & paper, and specialty industries. Mogas was founded in 1973 and is based in Houston, Texas.

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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 11 of 11
Sector: Manufacturing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 9 of 9
State: Texas M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2024 M&A 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-10 Velan

Montreal, Quebec, Canada

Velan is a manufacturer of industrial valves with a strong presence in the nuclear, cryogenic and defense markets. Velan was formed in 1950 and is based in Montreal, Quebec.

Buy $245M
FOLLOWING 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 -
Mergr

Solution for

Product

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Legal