HOUSTON, November 6, 2025 — DNOW Inc. (NYSE: DNOW) has completed its acquisition of MRC Global Inc., forming a leading energy and industrial solutions provider serving oil and gas, utilities, and industrial markets globally.
Under the all-stock merger, MRC Global shareholders received 0.9489 shares of DNOW stock per share. MRC Global has been delisted from the New York Stock Exchange.
The combined company now operates approximately 5,000 employees across more than 350 distribution locations in over 20 countries. DNOW expects to achieve $70 million in annual cost synergies within three years through streamlined operations and consolidated systems.
“This is a transformative milestone for our company, shareholders, customers and team members,” said DNOW President and CEO David Cherechinsky.
The merger expands DNOW’s reach into chemical processing, municipal water, utilities, mining, and power generation sectors across the U.S., Canada, and international markets.
Houston-based DNOW has over 160 years of experience distributing pipe, valves, fittings, pumps, and fabricated equipment for essential energy infrastructure.
Read the full press release at ir.dnow.com