Announced
Completed
Financials
Sources
Tags
United States
oil and gas
Integrated Oil and Gas
Acquisition
Domestic
Majority
Private
Friendly
Single Bidder
Completed
Synopsis
DNOW, a global stocking supplier of energy and industrial solutions, completed the acquisition of Whitco Supply, a supplier of pipe, valves, fittings, and flanges. Financial terms were not disclosed. “The acquisition of Whitco Supply aligns with our strategic objectives to diversify end-markets and is the result of our patient, disciplined approach to capital allocation. This transaction enhances our earnings and free cash flow profile and strengthens our ability to increase shareholder value,” David Cherechinsky, DNOW President and CEO.
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