Deal Details

Severn Is Acquired by Valmet

Industrial
Energy

Severn, a portfolio company of Bluewater, sale to Valmet

Summary

Severn Group (“Severn” or the “Group”), a portfolio company of Blue Water Energy LLP (“Bluewater”), has been acquired by Valmet Oyj (“Valmet”) for an enterprise value of $480 million. The transaction is subject to regulatory approvals and customary closing conditions.

Baird served as exclusive financial advisor to Severn’s shareholders on this transaction.

About

Severn is a global leader in severe‑service flow control solutions for critical infrastructure and energy end‑markets. The Group brings together three market‑leading businesses – Severn Glocon, ValvTechnologies and L.B. Bentley – each known for engineering excellence and design expertise. With more than 60 years of experience, Severn supports customers worldwide across oil & gas, petrochemical, power, LNG and broader process industries. The Group has a strong reputation for addressing complex flow control challenges, partnering closely with customers to deliver reliable, mission-critical solutions for the most demanding operating conditions. Manufacturing is based in India, the United Kingdom and the United States, complemented by a global sales and service network providing local support worldwide. Severn is headquartered in Gloucester, United Kingdom.

Bluewater is a specialist global private equity firm focused on the energy supply chain, providing buy‑out and growth capital alongside strategic support to build market leaders. Founded in 2011, Bluewater has commitments of over $2.5 billion and has invested in 25 portfolio companies, completing more than 90 transactions including six corporate carve‑outs. The firm’s value‑creation model combines disciplined buy‑and‑build, international expansion, industrialisation of operations and selective corporate carve‑outs. Since inception, it has completed 62 strategic add‑on acquisitions. Bluewater’s investment strategy is anchored on four pillars: i) critical components and advanced manufacturing, ii) smart energy services, iii) energy intelligence and digital systems and iv) strategic infrastructure and lifecycle services. Bluewater is headquartered in London, United Kingdom.

Valmet is a global technology leader serving process industries. Valmet collaborates with customers across the entire lifecycle, delivering cutting‑edge technologies and services alongside mission‑critical automation and flow control solutions. Backed by more than 225 years of industrial experience and a global team of over 19,000 professionals, Valmet is uniquely positioned to transform industries towards a regenerative tomorrow. In 2024, Valmet’s net sales totalled approximately €5.4 billion. Valmet’s shares are listed on Nasdaq Helsinki. Valmet has experts in approximately 40 countries worldwide and is headquartered in Espoo, Finland.