NOW Inc. (DNOW) Announces Flex Flow Acquisition
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NOW Inc. Announces Flex Flow Acquisition
March 1, 2021 8:30 AM ESTHOUSTON--(BUSINESS WIRE)-- NOW Inc. (NYSE: DNOW) announced today that it has entered into an agreement to acquire from GR Energy Services, a portfolio company of Pine Brook, substantially all of the assets used in connection with its Flex Flow business, predominantly relating to the rental, sale and service of surface-mounted horizontal pumping systems and horizontal jet pumping systems. Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed.
David Cherechinsky, President and CEO of NOW Inc. commented, We are excited about the... More
