MRC Global agrees to buy PE-owned Stream for $260 mln

MRC Global has agreed to acquire Stream AS for approximately $260 million. The sellers are private equity firms HitecVision AS and Converto Capital. The acquisition is expected to close in January 2014. Baird advised Stream in the transaction. Based in Norway, Stream is a provider of flow control products, solutions and services to the offshore oil and gas industry on the Norwegian Continental Shelf.

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