Sale of Progressive Supply to DistributionNOW (NYSE:DNOW).
November 24, 2014. Progressive Supply was acquired by DistributionNOW (NYSE:DNOW). Progressive Supply was represented by Bruce Jones, Matthew Bristow and the ClearRidge team.
Progressive Supply, headquartered in Tulsa, Oklahoma, is a privately held wholesale distributor of steel pipe, weld fittings, flanges, long weld necks, outlets, nipples, forged steel fittings and various pipeline products. The Company serves the pipeline, heat exchanger, air cooled exchanger, turnaround and steel fabrication industries, shipping to customers all across the U.S.
DistributionNOW is a multi-billion dollar public company, an industry-leading provider of pipe, valves and valve automation, fittings, mill and industrial supplies, tools, safety products, and artificial lift systems to the upstream, midstream, and downstream & industrial markets. DistributionNOW operates over 300 locations in more than 20 countries.