Flowserve (FLS) to Acquire MOGAS & Boost Product Portfolio

Flowserve Corporation (FLS) recently announced that it has signed a definitive deal to acquire MOGAS Industries for $290 million in cash with a potential$15 million earnout. The company is anticipated to fund the transaction through cash and available debt financing. Based in Houston, TX, MOGAS is engaged in providing mission-critical severe service valves and related aftermarket services. The company's products are sold to several end markets, including power, mining and process industries. It has an exte ...