NOW Inc. announced today that it has entered into an agreement to purchase the business of Challenger Industries, Inc. Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed. Challenger Industries, Inc. is a leading pipe, valves and fittings supplier for the downstream, midstream and upstream energy markets. The company manages a distribution business of approximately 11 sales and operations locations across the United States and employs approximately 160 employees. Robert Workman, President and CEO of NOW Inc., remarked, “With a majority of their revenues tied to the provision of pipe, valves, fittings and flanges... More