Trojan’s automation services complement DNOW’s growing U.S. process solutions business, said David Cherechinsky, DNOW president and CEO. (Source: Shutterstock)
Houston service provider DNOW Inc. has completed an all-cash acquisition of Trojan Rentals LLC, a provider of pump rentals, automation technology and sales to a variety of markets including upstream and midstream oil and gas companies. Financial terms of the transaction were not disclosed.
Along with DNOW’s acquisition of Flex Flow and Performance Multi-Flow Solutions, the company has made three acquisitions to provide a more “holistic water management solution to the market,” the company said.
Trojan’s automation services complement DNOW’s growing U.S. process solutions business, said David Cherechinsky, DNOW president and CEO.
Trojan’s addition to DNOW’s Flex Flow pump rental business presents an opportunity to meet a growing demand to solve the industries’ complex water management challenges, Cherechinsky said.
“Trojan’s reputation for a customer-first mindset, coupled with its highly sought after products and solutions, enables water management customers to deliver critical water infrastructure services to the industry,” he said. “Trojan expands DNOW’s product offering and enhances our earnings profile as this deployment of capital strategically aligns with and reinforces our commitment to increasing long-term value for our shareholders and stakeholders.”
Odessa, Texas-based Trojan Rental was founded in 2016 and provides energy products and solutions across the water management life cycle to a variety of end-markets including upstream and midstream oil and gas, municipal and industrial.
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