휴스턴에 본사를 두고 미션 크리티컬 중장비 밸브 및 관련 애프터마켓 서비스를 제공하는 비상장기업인 MOGAS Industries가 Flowserve Corporation에 매각되는 과정에서 Foley & Lardner LLP가 법률 자문을 맡았습니다.
The transaction is expected to close in the fourth quarter of 2024 at a value of $290 million with a potential $15 million earnout. Upon its completion, MOGAS will be integrated into Flowserve’s Flow Control Division segment, building upon Flowserve’s comprehensive valve and automation portfolio with the addition of MOGAS’ strong brand, heritage, and technical expertise in diverse and attractive end markets.
Founded in 1973, MOGAS was established by V. Louis Mogas with the purchase of a small machine shop. Today, MOGAS is a leading manufacturer of severe service isolation valves for a variety of end-markets, including mining, power, and process industries through its state-of-the-art manufacturing facility in Houston. MOGAS has established sales and service offices in Australia, China, Europe, Canada, South America, the Middle East, and India.
The Foley deal team was led by partners Susan Pravda and Alexander Miska and included associates Laura Burlot, Paige Moscow, James Ritter, and Bayleigh Sauerwald. Additional subject matter support was provided by partners Katharine Beattie, Katherine Califa, Christopher McKenna, Benjamin Dryden, Chanley Howell, Casey Knapp, Ethan Lenz, John Palmer, Joshua Roling, Sarah Slack, and Christopher Swift, of counsel Sophie Lignier and senior counsel Sonia Kothari.
