Baird advises Stream on $260M sale to MRC Global


Baird, an international financial services firm, has served as advisor for Norway-based Stream AS, in Stream’s $260 million sale to MRC Global (NYSE: MRC). Stream is a pipe, valve, and fittings (PVF) distributor and provider of flow control products, solutions, and services to the offshore oil and gas industry on the Norwegian Continental Shelf.

Baird acted as the exclusive financial advisor to Stream and its two private equity owners, HitecVision AS and Converto Capital, on the transaction. Baird’s international deal team was led by managing directors Vinay Ghai, in Europe, and Tom Lange, in the US.

The transaction represents Baird’s fifth oil and gas related M&A transaction, and its fourth Nordic region M&A deal, in just over a year.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...