M&A Deal Summary

SCF Partners Acquires Val-Tex

On March 1, 2024, private equity firm SCF Partners acquired chemicals company Val-Tex from Entegris

Acquisition Highlights
  • This is SCF Partners’ 2nd transaction in the Chemicals sector.
  • This is SCF Partners’ 29th transaction in the United States.
  • This is SCF Partners’ 23rd transaction in Texas.

M&A Deal Summary

Date 2024-03-01
Target Val-Tex
Sector Chemicals
Buyer(s) SCF Partners
Sellers(s) Entegris
Deal Type Divestiture

Target

Val-Tex

Houston, Texas, United States
Val-Tex is a provider of high quality, cost-effective valve lubricants primarily to the oil and gas storage, pipeline and gas distribution markets. Val-Tex manufactures and distributes industrial sealants and lubricants, as well as related products, such as lubrication equipment and fittings. Val-Tex was founded in 1962 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

SCF Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

SCF Partners Ltd. is a specialist private equity firm that targets investments in energy service and equipment companies with operations around the world. SCF provides both equity capital and strategic guidance over the life of the investment which typically lasts five years. The Firm's target investment size is $10 to $100 million. SCF looks to grow portfolio companies through internal growth initiatives and through acquisitions. SCF Partners was formed in 1989 and is based in Houston, Texas, with additional offices in Aberdeen, Scotland and Calgary, Alberta.


DEAL STATS #
Overall 53 of 56
Sector (Chemicals) 2 of 2
Type (Divestiture) 7 of 10
State (Texas) 23 of 25
Country (United States) 29 of 32
Year (2024) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 Flowchem

Waller, Texas, United States

Flowchem is a global provider of drag-reducing agents, related support services and equipment to midstream crude oil and refined fuel pipeline operators. Drag reducing agents, also known as DRAs, are specialty chemicals injected into midstream pipelines to reduce friction near the pipeline walls and within the turbulent fluid flowing through the pipeline network. Flowchem was founded in 2001 and is based in Waller, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-30 TapcoEnpro

Channelview, Texas, United States

TapcoEnpro products are FCCU valves, actuators, and hydraulic power units (HPUs). The Company provides equipment and service developed to outperform industry standards for safety, performance and reliability and becoming the partner of choice for processing facilities, enabling plants to operate safely and without unplanned shutdowns. TapcoEnpro was formed in 1946 and is headquartered in Channelview, Texas.

Buy -

Seller(S) 1

SELLER

Entegris

Billerica, Massachusetts, United States

Category Company
Founded 1966
Sector Manufacturing
Employees8,000
Revenue 3.5B USD (2023)
DESCRIPTION

For more than 40 years, Entegris has been a provider of critical products and materials used in advanced high-technology manufacturing. These products and materials are often used to make the building blocks of many of the world's most complex microelectronic products, such as computers, mobile devices and phones, data storage components, televisions and monitors, and automobiles. Entegris was incorporated in 1966 and is based in Billerica, Massachusetts.


DEAL STATS #
Overall 5 of 5
Sector (Chemicals) 2 of 2
Type (Divestiture) 5 of 5
State (Texas) 2 of 2
Country (United States) 3 of 3
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 Flowchem

Waller, Texas, United States

Flowchem is a global provider of drag-reducing agents, related support services and equipment to midstream crude oil and refined fuel pipeline operators. Drag reducing agents, also known as DRAs, are specialty chemicals injected into midstream pipelines to reduce friction near the pipeline walls and within the turbulent fluid flowing through the pipeline network. Flowchem was founded in 2001 and is based in Waller, Texas.

Sell -