Severn Group, the global family of specialist high-end valve engineering and manufacturing companies, which includes Severn and LB Bentley, has acquired US-headquartered ValvTechnologies, a leader in the design and manufacture of metal-seated, zero-leakage isolation valve solutions for demanding applications.
The deal, which follows the strategic partnership announced in June 2021, represents a step toward Severn Group’s vision to become a global severe service valve specialist in the energy and industrials sectors. ValvTechnologies will retain its operational independence, but will benefit from a broader pool of expertise and resources as part of the wider Group, alongside Severn and LB Bentley.
Where Severn excels in upstream oil and gas, and LB Bentley provides subsea specialisms, ValvTechnologies majors in mining and power. For Severn Group, this acquisition furthers a diversification strategy that will see the family of businesses increase its international presence, widen the industries served, expand its product offering and benefit from a combined approach to delivering on site service support capabilities across all markets.
As part of this transition, Mr. Kevin Hunt, has taken the decision to step down as President of ValvTechnologies. He will be handing over his day-to-day responsibilities to the existing leadership team, with Chad Bowers, previously Director of Manufacturing at ValvTechnologies, taking the role of President.
This deal has been funded by Bluewater, the specialist international private equity firm. Bluewater originally invested in Severn Group in 2019.
Read the article online at: https://www.hydrocarbonengineering.com/refining/07122021/severn-group-acquires-valvtechnologies/
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