DNOW Inc. announced today that it has completed its all‑stock acquisition of MRC Global Inc., finalizing a transaction that was first disclosed on June 26, 2025 and valued at roughly $1.5 billion. Under the terms of the deal, each share of MRC Global common stock converts into the right to receive 0.9489 shares of DNOW common stock, and MRC Global will be delisted from the New York Stock Exchange.
The completion of the merger positions DNOW as a premier solutions provider across the energy and industrial markets, broadening its reach into gas utilities, downstream operations, and the energy‑transition sector. Management expects the combined entity to generate $70 million in annual cost synergies within three years, driven by shared public‑company costs, integrated IT and corporate systems, and enhanced supply‑chain efficiencies.
With the merger now closed, DNOW will integrate MRC Global’s product portfolio and customer base, strengthening its competitive moat and accelerating growth in high‑margin segments such as process solutions and digital supply‑chain services. The transaction marks a significant milestone in DNOW’s strategic evolution from a traditional distributor to a diversified industrial solutions provider.
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