One-Page Deal Sheet
First Reserve to Acquire Weir Flow Control
First Reserve Corp The Weir Group
Announced Date
February 25,2019
Transaction Type
Asset
Location
Country
United States
Transaction Details: Require Private Equity Subscription
First Reserve has agreed to purchase Weir Flow Control, a designer, manufacturer and aftermarket services provider of engineered valves and pumps used in energy and broader industrial applications, from The Weir Group PLC.
Transaction terms were not disclosed.
The transaction is expected to close in the second quarter of 2019.
Jeff Quake and Neil Hartley, Managing Directors of First Reserve, commented, “First Reserve has deep historical experience creating value for our investors in the flow control space, and we are pleased to partner with Weir in this carve-out transaction. In our view…
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