Company ProfilePremium

FIRST RESERVE

Company Profile Analysis

ESOMAR 23 Corporate BadgeISO Certifications Badge
FIRST RESERVE - Energy & Power showcase

Year Founded & Workforce

1983

200 Employees

Industry

Energy & Power

Services

Industrial Valves
F

FIRST RESERVE Employee Contacts

We don't hold contact details for this company yet — you can request them.

Request Employee Contacts

FIRST RESERVE Overview

Company Headquarters: Connecticut, US

Founded: 1983

Workforce: ~200

Company Working: First Reserve offers industrial valve products through The Weir Group PLC company, which is one of the global leaders in engineering businesses, such as mill circuit technology and services, pressure pumping equipment and services, designs and manufactures valves, pumps and services among end-use industries, such as power generation, mining, infrastructure, and oil & gas. It caters to the requirements of various end-use industries, such as nuclear, conventional and renewable power generation, water and waste water, mid and downstream oil and gas, and general industrial processes. The major end-use industries focusing on industrial valve market are utility companies, general industrial companies, and Engineering Procurement construction Management (EPCM) companies. The company operates in three main divisions namely, minerals, ESCO, and oil & gas. Industrial valves are offered under the ESCO division, which is a global leader in Ground Engaging Tools (GET) used in highly abrasive surface for mining and infrastructure applications.

The major brands under which the industrial valves are sold are Hopkinsons, Atwood & Morrill, Blakeborough, Sarasin-RBSD, and WSP. The major operating locations for valve market are the US, Canada, the UK, France, South Korea, South Africa, India, and China. The company is operational in more than 70 countries, worldwide.

Strategy

First Reserve focuses on new product development to integrate its industrial valves with advanced technological features. The Weir Group is primarily focused on acquiring new businesses, which would help the company enhance the market share in the global industrial valve market.

Company Snapshot

200

Employees

1983

Founded

Connecticut, US

Headquarters

SWOT Analysis

Strengths

  • Wide range of valve products
  • Focus on research and development activities
  • Strong customer base in more than 70 countries

Weaknesses

  • Lack of focus on increasing revenue from developing nations

Opportunities

  • Strategic mergers & acquisitions, and partnership
  • Increasing opportunities due to industrialization

Threats

  • Fluctuating currency exchange rates and raw material prices
  • Competitive pricing and threat of substitutes

Unlock Company Financials

Unlock this company profile to view its financial data.

View Subscription Plans

Key Developments

DateApproachDevelopment
July 2019Mergers and AcquisitionsFirst Reserve acquired the flow control division of The Weir Group PLC (UK), which provides pumps, valves, and other integral assets, for USD 342.48 million. This helped the company enhance its product offerings and increase its market share in the global market

Product Offering

  • First Reserve
    • Industrial Valves

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: SBU breakup-0 rose from USD 2,932 Mn in 2015 to USD 3,271 Mn in 2018.
FIRST RESERVE — By Business Segment
Series (USD Mn)2015201620172018
SBU breakup-02,9322,5002,5583,271

Unlock Company Financials

Unlock this company profile to view its financial data.

View Subscription Plans

Unlock Company Contacts

Connect with Key Decision-Makers

Access verified employee contacts and decision-maker information from this company to support your sales, lead generation, and business development efforts.