First Reserve acquired Dresser Natural Gas Solutions from GE.

First Reserve acquired Dresser Natural Gas Solutions, a global original equipment manufacturer of commercial and industrial natural gas meters and pipeline repair products, from Baker Hughes, a GE Company. Financial terms were not disclosed. Jeff Quake, Managing Director of First Reserve, commented, "Our investment in Dresser NGS represents a continuation of First Reserve's thematic approach to investments targeting the asset integrity sector. With our previous knowledge of the business and global network, we are excited to help Dresser NGS grow market share and continue to deliver advanced solutions for its suite of blue-chip utility and other midstream customers. We believe Dresser NGS has a resilient business model, a leading brand, and a global footprint which position the company well for the future."