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
Marketed: Navigation Powder River Eight Leasehold Lots in Wyoming
2024-04-09 - Navigation Powder River has retained EnergyNet for the sale of eight non-producing federal leasehold lots in Converse and Campbell counties, Wyoming.
Marketed: Wylease AFE Asset Packages in Johnson County, Wyoming
2024-04-29 - Wylease LLC has retained EnergyNet for the sale of three Niobrara Shale AFE (authorization for expenditure) packages in Johnson County, Wyoming.
Marketed: Legacy Income Five Well Package in New Mexico, Texas Counties
2024-05-21 - Legacy Income Fund I has retained EnergyNet for the sale of a five well package in Lea County, New Mexico and Loving County, Texas.
Marketed: Mississippian Play Opportunity in Grady County, Oklahoma
2024-05-06 - An undisclosed seller has retained EnergyNet for the sale of a Mississippian play opportunity in the Bennet 0607-22-27-1MXH in Grady County, Oklahoma.
Marketed: Anschutz Exploration Niobrara Shale Opportunity
2024-05-29 - Anschutz Exploration Corp. has retained EnergyNet for the sale of a Niobrara Shale opportunity in Campbell County, Wyoming.