BIRMINGHAM, Ala. – Motion Industries, Inc., a distributor of maintenance, repair and operation replacement parts, signed a definitive purchase agreement to acquire the operating assets of Canadian-based LSI Supply Inc. and its sister company 273 Ontario (which trades as LSI). The transaction is expected to close later this month, subject to customary closing conditions. 

DALLAS – Flowserve Corporation, a provider of flow control products and services for the global infrastructure markets, announced today that it has signed a definitive agreement to acquire MOGAS Industries, a privately held, Houston-based provider of mission-critical severe service valves and associated aftermarket services for $290 million with a potential $15 million earnout. The Transaction is expected to close in the fourth quarter of 2024.