UTEX Industries, Inc.
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UTEX Industries, Inc. - overview
Established
1940
Location
Houston, TX, US
Primary Industry
Industrial Machinery
About
Based in Texas, US, and founded in 1940, UTEX Industries, Inc. formerly known as Universal Packing and Gasket Company operates as a manufacturer of engineered sealing and other specialty products serving energy, transportation, mining, water distribution, marine, and general industries. In March 2013, the firm was acquired by Riverstone Holdings from Rhone Capital for USD 825 million. The firm as of May 2023, has more than 35 patents and over 600 custom sealing compounds with operations in North and South America, Europe, the Middle East, Africa and Asia, and is led by its CEO, Piotr Galitzine.
The company specializes in engineered fluid control solutions, specifically in the field of sealing technology, to optimize uptime and ensure peak system performance, in severe operating environments. Utex designs, tests, manufactures, and distributes a wide range of sealing products by utilizing span rubber molding, thermoplastics, urethane molding, metal machining, mechanical seals, and engineering support capabilities. The company also offers service pump packing called SuperGold® plunger packing material, that offers enhanced service life in high-pressure, high-temperature environments, outperforming competitive materials like PTFE (Polytetrafluoroethylene) and other competitive materials. Utex also provides specialized vibration dampeners for open-pit mining equipment, molded rubber components for water and wastewater handling systems, and HPHT sealing solutions for hydraulic pump systems.
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery, Rubber & Plastics
Website
www.utexind.com
Verticals
Manufacturing
Company Stage
Ceased Operations
Total Amount Raised
Subscriber access only
UTEX Industries, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcy/Write-off | Completed | UTEX Industries, Inc. | - | ||||||||
| Secondary Buyout | Completed | UTEX Industries, Inc. | - | ||||||||
| Secondary Buyout | Completed | UTEX Industries, Inc. | - | ||||||||
| Secondary Buyout | Completed | UTEX Industries, Inc. | - | ||||||||
| Buyout | Completed | UTEX Industries, Inc. | - |
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UTEX Industries, Inc. - employee data
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