Houston-based DNOW Inc. (NYSE: DNOW) has agreed to acquire Whitco Supply LLC in an all-cash transaction, subject to regulatory approvals and other customary closing conditions.
David Cherechinsky, president and CEO of DNOW, said: “Whitco Supply brings a talented team with extensive product expertise that will enable us to support an expanded set of customers in the midstream and other markets. We look forward to bringing together our two highly complementary businesses and creating greater opportunities for our customers, employees and suppliers.”
At this time, both companies will remain independent and operate separately.
Whitco Supply provides energy products and solutions to the midstream market, as well as the broader energy sectors. Headquartered in Broussard, La., Whitco Supply has 230 employees across eight locations in the U.S.
DNOW is a worldwide supplier of energy and industrial products and packaged, engineered process and production equipment. DNOW has 2,475 employees and a network of locations worldwide.