Â鶹ֱ²¥ & Lardner LLP served as legal advisor to MOGAS Industries, a privately held, Houston-based provider of mission-critical severe service valves and associated aftermarket services, in its sale to Flowserve Corporation.
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 Â鶹ֱ²¥ 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.
