Home Energy First Reserve acquires Dresser Natural Gas Solutions

First Reserve acquires Dresser Natural Gas Solutions

First Reserve, a Stamford-based global private equity investment firm focused on the energy industry, announced an agreement to purchase Dresser Natural Gas Solutions (Dresser NGS), a Houston-based global original equipment manufacturer of commercial and industrial natural gas meters and pipeline repair products, from Baker Hughes, a General Electric company.

First Reserve previously owned the business for approximately 10 years when it was part of Dresser Inc., a former First Reserve portfolio company which was sold to GE in 2011. Dresser NGS has 450 global employees and has 43 registered trademarks and more than 100 active patents or patent filings around the world.

The financial terms of the acquisition were not made public. The acquisition does not include the business operations and related clients of the Italian-based Dresser Italia S.r.l., which has been sold to Pietro Fiorentini SpA.

“With our previous knowledge of the business and global network, we are excited to help Dresser NGS grow market share and continue to deliver advanced solutions for its suite of blue-chip utility and other midstream customers,” said Jeff Quake, managing director of First Reserve.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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