Flow Safe Has Been Acquired by Dresser Natural Gas Solutions
HOUSTON, November 5, 2020 -- GulfStar Group ("GulfStar") is pleased to announce the acquisition of Flow Safe, Inc. (“Flow Safe” or the “Company”) by Dresser Natural Gas Solutions (“Dresser NGS”). GulfStar served as the exclusive financial advisor to Flow Safe throughout the transaction, which closed on October 30, 2020.
Based in New York and Texas, Flow Safe manufacturers high quality and high-performance over-pressure protection solutions. Flow Safe’s experienced engineering and application staff are constantly developing unique and advanced OPP solutions for natural gas transmission and distribution, petroleum, chemical, power, food and beverage, marine and aerospace industries.
“Flow Safe is excited to be a part of the Dresser NGS team and looks forward to expanding its reach into many different markets where Dresser NGS does not currently operate, including aerospace, marine, and industrial/specialty gas, to name a few, helping to diversify the Dresser NGS portfolio," said Ryan Gannon, president of Flow Safe.
Dresser NGS provides measurement, instrumentation and piping solutions to the natural gas distribution and transmission markets. Dresser NGS’s capabilities extend from complete stations to the gas burner tip as well as a broad portfolio of pipeline integrity solutions. Dresser NGS has a global presence with approximately 450 employees and a sales force in over 100 countries. This acquisition will enable Dresser NGS to provide over-pressure protection for its natural gas customers.
“We appreciated the opportunity to work with the Flow Safe team on this important transaction,” said Tom Hargrove, co-founder and managing director of GulfStar. “The complementary product lines of these two companies will serve them both well in the future.”
The GulfStar team was led by Managing Directors Cliff Atherton and Tom Hargrove along with Senior Vice President Ben Stanton, Associate Jon Sanfelippo, and Analyst Brodie Sherman.
About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed more than 700 transactions in 35 states and 16 foreign countries across a variety of industries.