SCF Partners Inc. announced its acquisition of Entegris Inc.’s pipeline and industrial materials business (PIM) on March 4. A leading supplier of advanced materials and process solutions for high-technology industries, Entegris’ PIM operations consists of three businesses: Flowchem, Val-Tex and Sealweld.
Houston-based Flowchem was founded in 2001 and is a supplier of drag reducing agents, which optimize pipeline flow and increase throughput capacity. Drag reducing agents help infrastructure operators reduce energy consumed during pumping, reducing both costs and associated greenhouse gas emissions.
Val-Tex and Sealweld, founded in 1962 and 1969 respectively, provide valve maintenance products, such as sealants, lubricants, fittings and injection equipment, as well as maintenance and emergency leak repair services.
“Flowchem, Val-Tex, and Sealweld have built customer trust over decades of delivering specialized products and services that make infrastructure operations safer and more efficient, while reducing both costs and emissions,” Dan West, director at SCF Partners, said in a press release. “Aging midstream infrastructure and rising utilization further augment the need for these solutions. Together with the leadership team, we look forward to creating value in the company’s next chapter of growth.”
A dollar amount for the transactions was not disclosed.
Recommended Reading
Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says
2024-04-28 - Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.
Apollo to Buy, Take Private U.S. Silica in $1.85B Deal
2024-04-26 - Apollo will purchase U.S. Silica Holdings at a time when service companies are responding to rampant E&P consolidation by conducting their own M&A.
Deep Well Services, CNX Launch JV AutoSep Technologies
2024-04-25 - AutoSep Technologies, a joint venture between Deep Well Services and CNX Resources, will provide automated conventional flowback operations to the oil and gas industry.
EQT Sees Clear Path to $5B in Potential Divestments
2024-04-24 - EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers as the company looks to shed debt for its Equitrans Midstream acquisition.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
2024-04-24 - Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.