ABCO Subsea acquires MPV Corp.
HOUSTON -- ABCO Subsea has acquired MPV Corp, which designed the first multi-input shuttle valves for the offshore industry more than 30 years ago.
ABCO President Andy Boyd was a minority partner when MPV was founded and, until recently, ABCO marketed these valves under the ABCO brand name.
With this acquisition, ABCO has become the second-biggest provider of BOP shuttle valves to the offshore engineering industry, behind only Gilmore. Both companies are based in Houston.