Flowserve Closes $305MM Acquisition of MOGAS Industries

Transaction Type
Announce Date
Post Date
Close Date
Estimated Price
305MM
Description

Infrastructure service company Flowserve Corp. has completed its acquisition of MOGAS Industries for $305 million.

The purchase price of the deal, announced in August, includes a potential earnout of $15 million tied to minimum levels of EBITDA for the calendar year ending Dec. 31, 2024. Flowserve paid a base price of $290 million for MOGAS.

Flowserve said the transaction helps strengthen Flowserve’s presence in mission-critical severe service valves and associated aftermarket services.