MRC Global, Inc.

MRC Global, Inc.

MRC Global, Inc.

Overview
Date Founded

2006

Headquarters

2 Houston Center,909 Fannin Street,Suite 3100,Houston, TX 77010-1011

Type of Company

Public

Employees (Worldwide)

3,200

Industries

Wholesale: Industrial Products & Manufacturing
Other Business & Consulting Services
Industrial Machinery & Manufacturing
Power & Utilities
Holding Companies

Company Description

MRC Global is the largest global industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry based on sales, and we hold the leading position in our industry across each of the upstream (exploration, production and extraction of underground oil and natural gas), midstream (gathering and transmission of oil and natural gas, natural gas utilities and the storage and distribution of oil and natural gas) and downstream (petrochemical processing, crude oil refining and general industrials) sectors. We offer more than 150,000 stock keeping units, including an extensive array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products. Through our North American and International segments we serve our more than 12,000 active customers through over 410 service locations throughout North America, Europe, Asia and Australia.

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Executives & Employees

President, Chief Executive Officer & Director

Executive Vice President & Chief Financial Officer

Executive Vice President of Corporate Affairs, General Counsel & Corporate Secretary

Senior Vice President & Chief Accounting Officer

Senior Vice President Business Development

Senior Vice President-Business Development & Supply Chain Transition

Senior Vice President, Energy Tubular Products

Senior Vice President, BD & SCM-Valves & Automation

Senior Vice President, BD & SCM-Fittings, Flanges, Alloys, Oilfield Supplies & Gas Products

Senior Vice President, Upstream

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Owners & Shareholders
Details Hidden

Impax Asset Management pursues a sustainable investing approach that focuses on the risks and opportunities arising from the transition to a more sustainable global economy. The firm identifies forward thinking companies by combining rigorous financial analysis with equally rigorous sustainability or environmental, social and governance (ESG) analysis. Impax Asset Management’s listed equity funds seek out mispriced companies that are set to benefit from the long-term trends of changing demographics, urbanization, rising consumption, and the resultant increases in resource scarcity. Investment is focused on a small number of deeply researched global equity strategies across alternative energy, energy efficiency, water, waste, food and agriculture related markets. Their private equity infrastructure funds follow an operationally focused, value-add strategy, investing in renewable power generation and related assets throughout Europe.

Details Hidden

Triad Investment Management is a value manager that focuses on investments in common stocks. The firm looks for companies with highly protected business positions and capable, committed management teams. They focus on monitoring the irrational aspects of the stock markets to identify opportunities to purchase shares at depressed prices and to sell shares when they reach elevated valuations.

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Harvey Partners' funds primarily invest in stocks, options, ETFs and swaps and are focused on the U.S. markets. They combine active money management with innovative fundamental research to provide investors with superior absolute and relative returns. The firm generally pursues a fundamentally driven, value-oriented long/short equity strategy where investment research, portfolio management, and trading skills are focused where stock market inefficiencies are greatest: small and mid-cap stocks.Harvey Partners uses a value-oriented approach focusing on companies with identifiable catalysts, both on the long and short side. The portfolios generally consist of small and mid cap stocks with market caps of $250 million to $5 billion. The maximum investment in longs is approximately 8% of capital at cost, 12% at market. The maximum investment in short s is approximately 3% of capital at cost, 4% at market. The target net exposure is -20% to +60%. The target gross exposure is 100% to 160%. The position targets are 20 to 30 long positions and 20 to 30 short positions.

Recent Transactions
Details Hidden

Sooner, Inc., Marubeni-Itochu Tubulars America, Inc. purchase MRC Global, Inc. /Oil Country Tubular Goods Business from MRC Global, Inc.

Details Hidden

MRC Global, Inc. purchases Hypteck AS from Metron AS resulting in a new company MRC HypTeck AS

Details Hidden

MRC Global, Inc., MRC Transmark Pte. Ltd. purchase MSD Engineering Pte. Ltd.

Transaction Advisors
Underwriter

Advised onMRC Global, Inc. issued USD Common Stock

Escrow Agent

Advised onMRC Global, Inc. issued USD Common Stock

Underwriter

Advised onMRC Global, Inc. issued USD Common Stock

Founder

Advised onMRC Global, Inc. issued USD Common Stock

Underwriter

Advised onMRC Global, Inc. issued USD Common Stock

Underwriter

Advised onMRC Global, Inc. issued USD Common Stock

Advisors & Consultants
Advisor

Managing Director, Financial Sponsors Group at William Blair & Company LLC

Legal Advisor

Of Counsel at Fried, Frank, Harris, Shriver & Jacobson LLP

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Clients

Canadian Natural is one of the largest independent crude oil and natural gas producers in the world. The Company continually targets cost effective alternatives to develop our portfolio of projects and to deliver our defined growth plan, thereby creating value for shareholders. We have an effective and efficient, diversified combination of assets in North America, the North Sea and Offshore Africa, which enables us to generate significant value, even in challenging economic environments. Our balanced mix of natural gas, light oil, heavy oil, in situ oil sands production, oil sands mining and associated upgrading facilities, represents one of the strongest and most diverse asset portfolios of any energy producer in the world. Our financial discipline, commitment to a strong balance sheet, and capacity to internally generate cash flows provide us the means to grow our company in the long term

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Gas Utilities and Infrastructure segment focuses on natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded in 1904 and is headquartered in Charlotte, NC.

Pioneer Natural Resources is a large independent oil and natural gas company that is focused on helping meet the world’s energy needs. We deliver strong production and reserve growth through onshore exploration and production in the United States, while providing opportunities for growth and enrichment for business partners, employees and the communities in which we operate. With a foundation of long-lived and stable properties providing steady growth, Pioneer’s advanced technology, strategic practices and integrated services model make us an industry leader in developing new resource plays, especially in Texas. Pioneer is one of the most active drillers in Texas’ Spraberry/Wolfcamp oil field in the Permian Basin and the Eagle Ford Shale play in South Texas. We are one of the largest natural gas operators in the Rockies and Mid-Continent regions with assets in the coal bed methane-rich Raton Basin as well as in the Hugoton and Texas Panhandle gas fields. Our operations include ongoing drilling programs in Texas’ liquids-rich Barnett Shale Combo play and in Alaska’s Oooguruk field, where Pioneer became the first independent operator to produce oil on the North Slope

Key Stats and Financials As of 2019
Market Capitalization
$414M
Total Enterprise Value
$2.22B
Earnings Per Share
$0.18
Revenue
$3.66B
Net Profit
$39M
EBITDA
$175M
EBITDAMargin
4.78%
Total Debt
$752M
Total Equity
$997M
Enterprise Value / Sales
0.61x
Enterprise Value EBITDAOperating
11.53x
TEVNet Income
56.91x
Debt TEV
0.34x
Three Year Compounded Annual Growth Rate Of Revenue
6.39%
Non-Profit Donations & Grants
Investors
Details Hidden

GS Capital Partners seeks long-term capital appreciation by committing equity to high-quality companies with superior management in a variety of situations, including LBOs, recapitalizations, and growth investments to fund acquisition or expansion.The firm invests across a range of industries in different forms of private equity instruments. Individual transactions vary considerably by industry, overall capital structure, geography, currency, stage of development, size and exit strategy.

Suppliers
Chevron Corp. Industrial Machinery & Manufacturing | San Ramon, CA

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

Velan, Inc. Industrial Machinery & Manufacturing | Montréal, Canada

Velan, Inc. engages in the desiggn, manufacture, and marketing of industrial valves for use in industry applications. Its products include gate, globe and check valves, quarter-turn valves, cryogenic valves, HF acid valves, bellows seal valves, and steam traps. The company was founded by A. K. Velan in 1950 and is headquartered in Montréal, Canada.

Flowserve Corp. Electrical Products | Irving, TX

Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in 56 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.

Competitors
Ferguson Plc Wholesale: Industrial Products & Manufacturing - Wokingham, United Kingdom

Ferguson Plc engages in the supply of plumbing and heating products to professional contractors & consumers; repair, maintenance and improvement and new construction markets through its subsidiaries. The company was founded in 1887 and is headquartered in Wokingham, the United Kingdom.

Now, Inc. Wholesale: Industrial Products & Manufacturing - Houston, TX

NOW, Inc. is a holding company, which engages in the distribution of energy products for industrial applications. It operates through the following segments: United States, Canada, and International. The United States segment serves the upstream, midstream and downstream energy, and industrial markets. The Canada segment covers energy exploration, production, drilling, and midstream business. The International segment represents the energy exploration, production, and drilling business. The company was founded on November 22, 2013 and is headquartered in Houston, TX.

Floworks International LLC Industrial Machinery & Manufacturing - Pasadena, TX

Floworks International LLC manufactures and supplies pipes, valves, and fittings. The firm serves the refining, chemical and petrochemical, mining, and power generation industries. The company was founded in 2010 and is headquartered in Pasadena, TX.

Awards & Honors
Rank #541
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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