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.