Furmanite Leak-Sealing process is Developed The under pressure Leak Sealing process is developed by Eugene Clay Furman at the Newport …More First DIY Leak-Sealing Kit 01/01/1924
First DIY Leak-Sealing Kit The first do-it-yourself Leak Sealing kits were developed and marketed by Clay Furman and while they …More Long Standing Relationships 01/01/1926
Long Standing Relationships US customer reference list that includes individual war ships in the US Navy, US steel companies and …More 1st Patent is filed in 1927 01/01/1927
1st Patent is filed in 1927 The Furmanite patent for the leak sealing process filed in 1927 was the first …More Furmanite moves Overseas 06/01/1927
Furmanite moves Overseas First overseas agents appointed to market the leak Sealing kits including in the United Kingdom and Euro…More Costs of a steam leak 06/01/1928
Price List from 1926 Table detailing costs of allowing a steam leak based on $4 per ton for “Long coal”. …More Furmanite is thinking global 01/01/1929
Furmanite is thinking global A brief history of the United Kingdom Company written by A W Forsyth (OBE) in September 1973 …More Technology Development 11/22/1934
Technology Development Furmanite Expands Engineering on Leak Sealing Technology. Photographs taken from a 1934 sales brochure together with schematics of …More Growing Furmanite 05/01/1960
Growing Furmanite Letter from the Chairman of Furmanite Engineering based in Birkenhead, England to his lawyer requesting information on a …More New Direction 01/01/1966
New Direction Alan Forsyth, acting as a consultant to Furmanite Engineering (1929) advised the Board to move from selling low …More Never compromise on the high quality 07/01/1979
Never to compromise on the high quality A brief history of the United Kingdom Furmanite organisation written by Joyce Hainsworth, the …More Best in the business were called 09/01/1988
Best in the business were called Furmanite successfully seals nitrous oxide leakage on the Space Shuttle “Discovery” pre launch September …More Start of Modern Furmanite 11/22/1991
Start of Modern Furmanite The common shares of Furmanite were acquired by Kaneb Inc on 24th January 1991. Furmanite remains …More Acquisition-GSG Division 01/13/2006
Acquisition of Flow-Serve GSG Division Furmanite as part of Xanser Corporation acquired the General Services Group (GSG) of Flow-Serve corporation …More Corporate Name Change 01/13/2007
Corporate Name Change Xanser Corporation (NYSE:XNR) changed the company’s name to Furmanite Corporation, and the company’s shares were traded on …More Acquisition of SLM 04/13/2011
Furmanite Corporation Acquires Self Leveling Machining Technology Furmanite expanded its global on-site machining capabilities through the acquisition of Self Leveling …More
Acquisition of Flow-Serve GSG Division
Furmanite as part of Xanser Corporation acquired the General Services Group (GSG) of Flow-Serve corporation in 2006 for approximately US $ 16 million in cash.
GSG was a single-source provider of maintenance, repair and distribution services for a broad array of valves, piping systems and other process-system components, with operating locations in North America and Europe. GSG had significant North American market share in third-party valve repair, as well as in third-party on-line services such as hot tapping and field machining. In 2004, GSG had net revenues in excess of $100 million.
This acquisition aligned very well with Furmanite’s core competencies, It allowed Furmanite to expand its footprint and service offerings all around the world.