Master Corporation has been acquired by NOW, Inc. (DistributionNOW)
The shareholders of Master Corporation have sold the company to NOW, Inc. (DistributionNOW).
Master Corporation is a provider of engineering, procurement and construction (EPC) services in Odessa, Texas. The company serves oil and gas producers in West Texas and New Mexico. Master Corporation designs and builds the infrastructure that takes energy commodities from the wellhead to the transmission line. The company was founded and operated by two entrepreneurs who successfully grew and operated it for 25 years. Both founders had reached retirement age and decided to sell once a successor management team had been put in place.
NOW, Inc. (DistributionNOW) is a leading global supplier of energy and industrial solutions, products and engineered equipment packages. From a network of locations across more than 20 countries and a complementary suite of online digital channels, DNOW provides thousands of PVF, MRO and OEM products to the energy and industrial markets worldwide.
Oaklins’ team in Dallas, despite a weak M&A market for companies in the oil and gas services space, developed an effective sale strategy and outreach program to support the client. Two final bidders emerged, which improved the enterprise value outcome by 20% above the sellers’ expectations and resulted in an all-cash transaction.
Talk to the deal team
Oaklins Capital Alliance
A 60% share in Norddeutsche Wohnbau GmbH has been sold to Hannoversche Volksbank
S & S Immobilien Holding GmbH has sold its 60% stake in Norddeutsche Wohnbau GmbH to Hannoversche Volksbank eG.Learn more
ISPT – Industrial Services, S.A. has acquired SIMI S.A.
ISPT – Industrial Services, S.A. has acquired SIMI – Sociedade Internacional de Montagens Industriais S.A.Learn more
Trym Anlegg has been acquired by Aarsleff Rail
TES AS has sold Trym Anlegg AS to Aarsleff Rail A/S.Learn more