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Based in Houston, Texas, the company was founded as Universal Packing and Gasket in 1940 and was renamed to UTEX Industries in 1969. Grey Mountain Partners purchased UTEX in 2005 and sold it in 2007 to Audax Group, which sold it to Rhône Group in 2010. Private equity firm Riverstone Holdings purchased UTEX Industries for $825 million in 2013.
Headquartered in Irving, Texas, which is in the Dallas–Fort Worth Metroplex, Flowserve employs close to 16,000 employees in more than 50 countries. [6] Flowserve sells products and offers aftermarket services to engineering and construction firms, original equipment manufacturers, distributors, and end users.
Headquartered in Dallas, the company includes Cricket Wireless and DirecTV. 28 Phillips 66: 91,568 14,600 Global oil and gas entity formed when it spun off from ConocoPhillips in 2012. The firm is headquartered in the Westchase district of Houston. 31 Valero Energy: 88,407 10,015 International oil and gas refiner, marketer and distribution company.
In 2014, ESCO acquired another Texas-based company, Stabiltec Downhole Tools, LLC., [4] further adding to the company's oil and gas portfolio. On April 19, 2018, ESCO entered into an agreement to be acquired by The Weir Group PLC, one of the world’s leading engineering businesses, for an enterprise value of $1.285 billion. [ 5 ]
The company moved to Longview, Texas, in 1958 to expand the company and began manufacturing new truck parts, including dual wheel adapters, hub hose carriers, drum check gauges and exhaust accessories. This move led to an increase in production and employee growth. In 1964, Stemco was purchased by Garlock Inc, an industrial sealing company. [2]
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