Furmanite Acquires Crane”s Houston Valve Service Assets and Operations

July 18, 2012

Furmanite Corporation, a large provider of valve services, has acquired certain assets and operations of Crane Energy Flow Solutions” Houston Service Center. As part of the Furmanite Global Service Delivery

Furmanite Corporation, a large provider of valve services, has acquired certain assets and operations of Crane Energy Flow Solutions” Houston Service Center.

As part of the Furmanite Global Service Delivery Network, the Houston Service Center will be the exclusive Authorized Repair Center for certain Crane products in the territory currently served by the Houston Service Center. Furmanite and Crane also have agreements in place that will allow Furmanite to manufacture and sell Wedgeplug brand spare parts, and support Crane”s contract machining needs and services in Western Canada.

The Houston Service Center will continue as a full-range supplier of valve maintenance, repair, and testing services, including service of actuators. The center will also continue to service all makes of block valves, pressure-relief valves for steam, air and liquids and control valves.

“With the addition of this 81,000-plus square foot Valve Service Center, we solidify Furmanite”s position as the preeminent turnkey valve service company on the Gulf Coast, and greatly expand our capabilities to serve customers in the region,” said Clint Jordan, executive vice president of Furmanite”s Global Service Delivery Center Network, in a prepared statement.

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