M&A Deal Summary

MFRI Acquires Perma-Pipe

On January 1, 2009, MFRI acquired machinery company Perma-Pipe

Acquisition Highlights
  • This is MFRI’s 2nd transaction in the Machinery sector.
  • This is MFRI’s 1st transaction in the United States.
  • This is MFRI’s 1st transaction in Illinois.

M&A Deal Summary

Date 2009-01-01
Target Perma-Pipe
Sector Machinery
Buyer(s) MFRI
Deal Type Add-on Acquisition

Target

Perma-Pipe

Niles, Illinois, United States
Perma-Pipe Inc. is the manufacturer of pre-insulated piping systems for district heating and cooling in North America.

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Buyer(S) 1

Buyer

MFRI

Niles, Illinois, United States

Category Company
Founded 1989
Sector Energy Services and Equipment
Employees1,212
Revenue 194M USD (2015)
DESCRIPTION

MFRI, Inc. is a designer, manufacturer, and marketer of specialty piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. MFRI, Inc. was founded in 1989 and is based in Niles, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Machinery M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-27 H & D Environmental Services

Johannesburg, South Africa

H & D Environmental Services manufactures filter elements for dust collectors used in coal-fired power generation, cement, metals, mining and many other industries.

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