• INDUSTRY OUTLOOK •
DNOW Completes Acquisition of MRC Global
The company will bring together more than 350 combined service and distribution locations across more than 20 countries.
Following its initial announcement in June 2025, the company has finalized the acquisition of MRC Global, consolidating access to industry-leading energy, gas utility, and industrial products.
• By KCI Editorial
DNOW Inc. announced early November that it has completed its acquisition of MRC Global Inc., creating a premier solutions provider for the energy and industrial markets.
Under the terms of the agreement, each share of MRC Global’ s common stock was converted into the right to receive 0.9489 shares of DNOW’ s common stock. In addition, MRC Global’ s stock will no longer be listed for trading on the New York Stock Exchange. MRC Global will also no longer have reporting obligations under the Securities Exchange Act of 1934, as amended.
“ This is a transformative milestone for our company, shareholders, customers and team members.” said DNOW President and CEO David Cherechinsky.“ The new DNOW combines unparalleled access to industry leading energy, gas utility and industrial products, service and solutions to serve a broader and more diversified mix of customers. With the MRC Global and DNOW teams as one, we are focused on completing a seamless transition and moving forward as a premier choice for our customers’ routine and most complex requirements.”
The agreement was first announced in June 2025 that DNOW will acquire MRC Global in an all-stock transaction valued at approximately $ 1.5 billion, including MRC Global’ s net debt.
DNOW expects to deliver significant strategic, operational and financial benefits to shareholders. These include growth opportunities through serving a broader mix of customers in the construction and maintenance of essential energy infrastructures, including chemical processing, municipal water, utilities, mining and power generation.
Additionally, the company will bring together more than 350 combined service and distribution locations across more than 20 countries. This will significantly broaden the geographic reach and service capabilities of both entities.
It was also reported that the acquisition will provide substantial cash flow generation for organic investments in growth and productivity-enhancing technologies. The combined company expects to continue strategic acquisitions, return capital to shareholders and reduce debt towards a net cash position.
In early October, DNOW announced its executive leadership and Board of Directors, which is comprised of leaders from both companies who bring expertise and proven track records across the energy and industrial sectors. For more information visit DNOW at https:// ir. dnow. com /.
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