DNOW Inc. has announced a $1.5 billion all-stock acquisition of MRC Global Inc., combining two major players in the energy and industrial supply sectors.
The DNOW-MRC Global merger strengthens DNOW’s digital commerce strategy, expands its global footprint, and bolsters ecommerce capabilities.
DNOW acquisition of MRC Global
With annual revenues exceeding $2.5 billion, DNOW provides industrial products to a wide range of industries, including oil and gas. Its “DigitalNOW” platform, launched in 2023, offers customers real-time inventory access and online ordering. MRC Global, with $6.5 billion in annual sales, specializes in pipe, valve, and fitting (PVF) products for the energy and gas utility sectors, also investing in digital tools like self-service portals and automated procurement.
The combined entity will leverage these digital advancements, aiming to lead the digital transformation of industrial distribution. The merger is expected to generate $70 million in cost synergies annually, with the deal anticipated to close in Q4 2025. Both companies will maintain their headquarters in Houston.
“This merger strengthens our ability to offer omnichannel solutions and scale digital supply chain services,” said DNOW CEO David Cherechinsky.
MRC Global CEO Rob Saltiel added, “Together, we’ll lead the digital transformation of industrial distribution.”
This move aligns with the growing trend of digitalization in industrial sectors, positioning the merged entity as a leader in providing efficient, data-driven procurement solutions.
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