Flowserve Acquires MOGAS Industries & Enhances Product Portfolio

Flowserve Corporation (FLS) recently completed its previously announced acquisition of MOGAS Industries for $305 million, which includes the potential earnout. The company funded the transaction through its cash balance. 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 extensive geographic presence with sales and service ...