International segment revenues are expected to increase 60 percent in 2014.
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Latest In MRC Global (McJunkin-Red Man)
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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McJunkin Red Man has named Andrew Lane as its CEO, effective immediately. Current CEO Craig Ketchum will serve as chairman of the Board of McJunkin Red Man Holding Corp. and H.B. Wehrle III would remain as chairman of the Board of PVF Holdings LLC.
Andrew Lane was COO of the Halliburton Company, a supplier to the energy industry, from 2004 to 2007.
We are excited to have Andrew join us as Chief Executive Officer as we head towards the next stage of our business,” said Ketchum. “I am pleased to see Andrew come on board. His two decades of experience at Halliburton will no doubt be valuable as we look to expand within North America and globally.”
Headquartered in Tulsa, OK, and Charleston, WV, McJunkin Red Man is a North American distributor of …
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