SCF Partners Inc. announced its acquisition of Entegris Inc.’s pipeline and industrial materials business (PIM) on March 4. A leading supplier of advanced materials and process solutions for high-technology industries, Entegris’ PIM operations consists of three businesses: Flowchem, Val-Tex and Sealweld.
Houston-based Flowchem was founded in 2001 and is a supplier of drag reducing agents, which optimize pipeline flow and increase throughput capacity. Drag reducing agents help infrastructure operators reduce energy consumed during pumping, reducing both costs and associated greenhouse gas emissions.
Val-Tex and Sealweld, founded in 1962 and 1969 respectively, provide valve maintenance products, such as sealants, lubricants, fittings and injection equipment, as well as maintenance and emergency leak repair services.
“Flowchem, Val-Tex, and Sealweld have built customer trust over decades of delivering specialized products and services that make infrastructure operations safer and more efficient, while reducing both costs and emissions,” Dan West, director at SCF Partners, said in a press release. “Aging midstream infrastructure and rising utilization further augment the need for these solutions. Together with the leadership team, we look forward to creating value in the company’s next chapter of growth.”
A dollar amount for the transactions was not disclosed.
Recommended Reading
Energy Transition in Motion (Week of May 17, 2024)
2024-05-17 - Here is a look at some of this week’s renewable energy news, including more moves by the U.S. to strengthen and protect the U.S. solar panel manufacturing sector from China.
Clean Energy Begins Operations at South Dakota RNG Facility
2024-04-23 - Clean Energy Fuels’ $26 million South Dakota RNG facility will supply fuel to commercial users such as UPS and Amazon.
Viridi Energy Acquires Maine Biosolids Plant for RNG
2024-03-19 - Viridi Energy plans to turn the biosolids digest plant into a waste-to-RNG facility.
Energy Transition in Motion (Week of April 5, 2024)
2024-04-05 - Here is a look at some of this week’s renewable energy news, including the U.S. Environmental Protection Agency’s $20 billion ‘green bank.’
Chevron, Brightmark JV Opens RNG Facility in Arizona
2024-04-10 - Eloy RNG produces RNG using anaerobic digesters at the Caballero Dairy in Arizona, Brightmark said April 10.