SCF Partners, Inc. acquired Flowchem, Val-Tex and Sealweld from Entegris, Inc. (NasdaqGS:ENTG) for approximately $290 million on March 1, 2024. The purchase price of up to $285 million, consisted of $260 million in cash that has been received at closing, subject to customary post-closing adjustment, and a $25 million earnout based on the achievement of certain 2025 and 2026 financial performance targets. The proceeds of this transaction will be used for further debt paydown. Jefferies LLC is acting as financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Entegris.

SCF Partners, Inc. completed the acquisition of Flowchem, Val-Tex and Sealweld from Entegris, Inc. (NasdaqGS:ENTG) on March 1, 2024.