MSC's acquisition of Barnes' North American distribution operations was among the top deals in 2013.
Latest In MRC Global (McJunkin-Red Man)
International segment revenues are expected to increase 60 percent in 2014.
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Goldman Sachs has been a private equity sponsor of MRC Global since 2007.
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MRC Global’s sales decline due in part to planned reduction in oil country tubular goods business.
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New executive vice presidents have been appointed.
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The decrease was due in part to declining oil country tubular goods sales.
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The $28 million distributor serves the Permian Basin energy industry.
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Production Specialty Services has 17 locations in Texas and New Mexico.
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MRC’s sales in North America grew 17 percent in the quarter.
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Chaparral Supply acquisition allows MRC to become the primary supplier of PVF and supplies to SandRidge Energy.
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Profit for the global PVF distributors was $37.5 million.
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MRC completed the acquisition of OneSteel Piping in Australia.
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The PVF distributor will now go under the name MRC Global Inc.
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Acquisition continues McJunkin Red Man’s growth internationally.
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OneSteel Piping Systems is a diversified industrial company serving customers in oil and gas, mining and mineral processing.
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Acquisition supports McJunkin Red Man’s global expansion plans.
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Dresser Oil Tools & Supply has four branches in North Dakota and one in Montana.
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McJunkin Red Man also outlines expansion plans in the region.
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Transmark is a distributor of specialty valve and flow control equipment based in the UK.
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McJunkin Red Man Corp. has acquired St. Louis, MO-based LaBarge Pipe &Steel Company.
LaBarge Pipe &Steel distributes carbon steel pipe for use in the North American energy infrastructure market. LaBarge Pipe &Steel Company is one of North America’s largest stocking distributors of large diameter carbon steel pipe, serving companies in the oil &gas transmission, petrochemical, utility, industrial and construction markets.
LaBarge operates four sales offices in St. Louis, MO, Houston, TX, Birmingham, AL and Charlotte, NC and a manufacturing facility in Wagoner, OK.
Headquartered in Tulsa, OK, and Charleston, WV, McJunkin Red Man is a distributor of industrial pipe, valves and fittings and related products and services to the energy industry. …
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