Translink Corporate Finance in Germany and Dinan & Company, the US partner of Translink Corporate Finance, acted as the advisor to BUHLMANN Group on the acquisition of Lockwood Partners.

Lockwood Partners is a successful distributor of valves, pipes, fittings and flanges to the midstream and downstream petrochemical sectors in the US American Gulf area.

The company, which is now part of the BUHLMANN Group with retroactive effect from January 1, 2023, was founded in 1978 and has since then served customers in the Gulf Coast region. Lockwood customers can be broadly divided into two main groups: The company provides material for ongoing maintenance of plants (MRO) and is also a partner to engineering and procurement companies (EPCs) that have been awarded contracts for new plant construction, expansion or major refurbishments.

Lockwood Partners, headed by CEO Ricky Burns, the team and their expertise will be a great addition to the existing US activities of the BUHLMANN Group and will strengthen the ongoing expansion of its business portfolio, enabling the group to expand its business beyond existing customer relationships in regard to valves.

“Within our strategy for global growth, America is one of our central target markets. We are already represented there through an acquisition on the East Coast and with our own branch office. With the acquisition of Lockwood, we are entering the heart of the oil and gas industry suppliers at the Houston location. We are convinced that Lockwood will give us excellent access to the American market and that we will be able to support the local team with our expertise,” said Jan-Oliver Buhlmann, Managing Partner of BUHLMANN Group.

Johannes Wolters, Partner at Translink Corporate Finance in Germany said, “As an owner-managed medium-sized company, BUHLMANN Group invests in one of the most important sales markets for steel pipes and accessories. The USA with its distinctive oil and gas industry, represents an exceptional growth market for BUHLMANN Group worldwide. With Lockwood Partners, BUHLMANN Group gains a family-run business and will quickly achieve success with its own strengths in purchasing and storage-intensive logistics as well as its investment in the eastern USA. With a private equity as the former main investor, Lockwood is looking forward to the partnership at eye level.”