Gas, O&M

Pumps and rotating equipment company acquires O&M business for $42mn

Sulzer announced it has completed its acquisition of two Grayson Armature businesses, Grayson Armature Large Motor Division Inc., and Grayson Armature Orange Texas Inc., for $42 million.

With the closing of the deal, Sulzer will be able to further improve its combined offering to customers, especially of pumps and electromechanical services, and increase the company’s ability to service the whole train of rotating equipment generally used in the oil & gas, power and industrial market sectors.

Grayson Armature offers electro-mechanical repair services, re-manufacturing, re-design, upgrades, modifications and other additional services with two locations in Texas. The company will operate under Sulzer’s Rotating Equipment Services division as Sulzer Grayson Inc., and will be led by Jim Mugford, Sulzer’s Pump and Electromechanical Services president.

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