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)

3,600

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

Chief Financial Officer & Executive Vice President

Executive Vice President & Chief Financial Officer

Executive Vice President Corporate Affairs, General Counsel & Corporate Secretary

Senior Vice President & Chief Accounting Officer

Senior Vice President, Midstream Sector & Gas Distribution

Senior Vice President Business Development

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

Board of Directors

President at Seren Management, LLC

Founder at Cornell Capital LLC

Former Chairman, President & Chief Executive Officer at LANXESS Solutions US, Inc.

Former General Manager, Global Downstream Information Systems at ConocoPhillips

President & Chief Executive Officer at MRC Global, Inc.

Former President & Chief Executive Officer at MRC Global, Inc.

Former Director of Common Infrastructure Management at Shell International BV

Former President & Chief Executive Officer at McJunkin Corp.

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MRC Global, Inc.
Owners & Shareholders
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FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm believes that while stock markets are efficient most of the time, behavioral anomalies can arise under certain circumstances, resulting in exploitable mispricing opportunities. FTAM's strategies primarily invest in US listed companies and are a long only or a long/short strategy and may employ futures, ETFs and leverage. Their investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, mid-cap value, micro-cap, low volatility behavioral equity market neutral and behavioral unconstrained equity.

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Luminus Management seeks to achieve positive investment returns by identifying inefficiencies in the power, energy, utilities and related sectors. They formulate investment decisions based on the use of fundamental and technical analysis. The firm's core strategy focuses on investments across the capital structure of publicly traded power, energy, utility and related companies. Luminus also implements opportunistic investments within these sectors. They may seek both short-term and long-term trading opportunities.Luminus' core strategy focuses on investments across the capital structure of publicly traded power, energy, utilities and related companies. The firm also implements opportunistic investments in the power markets and private investments within the power, energy, utilities and related industries and sectors. Luminus may use certain derivative instruments in the investment strategy may increase leverage, returns, risk and possibilities of rapid gains or losses as well as expose clients to counterparty risk. Investments may be in securities or investments that are considered illiquid or semi-illiquid, or could become illiquid or semi-illiquid in a difficult market environment. The funds utilize leverage to attempt to enhance returns.

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ClearBridge seeks to provide client accounts with long-term capital appreciation by actively selecting securities that the firm believes are trading at a discount to intrinsic value. Each strategy adheres firmly to the firm's value-driven, research intensive investment process. By adhering to a consistent, value-driven process, ClearBridge, strives to outperform its benchmarks over the long-term. ClearBridge's strategies include Value Equity and Small-Cap Core. ClearBridge's Value Equity strategy is designed for investors seeking a concentrated portfolio of primarily large-cap US securities. The firm's Small-Cap Core strategy is designed for investors seeking a concentrated portfolio of primarily small-cap US securities.

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

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

Details Hidden

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

Insider Transactions
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Transaction Advisors
Underwriter

Advised onMRC Global, Inc. issued Common Stock

Escrow Agent

Advised onMRC Global, Inc. issued Common Stock

Underwriter

Advised onMRC Global, Inc. issued Common Stock

Founder

Advised onMRC Global, Inc. issued Common Stock

Underwriter

Advised onMRC Global, Inc. issued Common Stock

Underwriter

Advised onMRC Global, Inc. issued 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

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.

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.

Dominion Energy, Inc. engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Power Delivery, Power Generation, and Gas Infrastructure. The Power Delivery segment regulates electric distribution and transmission. The Power Generation segment includes regulated electric fleet and merchant electric fleet. The Gas Infrastructure segment comprises gas transmission and storage, gas distribution and storage, liquefied natural gas import, and storage. The company was founded by William W. Berry in 1983 and is headquartered in Richmond, VA.

Key Stats and Financials As of 2018
Market Capitalization
$1.11B
Total Enterprise Value
$2.12B
Earnings Per Share
$0.54
Net Profit
$74M
EBITDA
$199M
EBITDAMargin
4.77%
Total Debt
$684M
Total Equity
$1.05B
Enterprise Value Sales
0.51x
Enterprise Value EBITDAOperating
10.65x
TEVNet Income
28.63x
Debt TEV
0.32x
Revenue
$4.17B
Five Year Compounded Annual Growth Rate Of Revenue
-4.42%
Three Year Compounded Annual Growth Rate Of Revenue
-2.7%
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, California

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, QC

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
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.

Ferguson Holdings Ltd. Wholesale: Industrial Products & Manufacturing - Zug, ZG

Wolseley is a distributor, bridging the gap between over 100,000 vendors and more than 1 million customers. We do this by bringing together a wide range of products from different vendors for our customers and by providing our vendors with cost effective access to these customers

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