In April 2001, the Dresser division entered an agreement to separate itself once again from Halliburton by management purchasing its equity, the new company to be called Dresser, Inc. Dresser, Inc. was a leading global multi-national owned by First Reserve Corporation and company management.
In February 2011, General Electric Co. agreed to buy oil-field equipment maker Dresser Inc. for $3 billion, expanding its biggest industrial unit. GE acquired Dresser from funds managed by Riverstone Holdings LLC and First Reserve Corporation. The move significantly expanded GE's offerings for energy and industrial customers worldwide and is the latest in a series of acquisitions over the last 10 years that have transformed GE's global energy portfolio.
The Dresser brand sells, services, and supports products that include: actuators, valves, meters, instruments, regulators, switches, natural gas-fueled engines, piping specialties, retail and fleet fuel dispensers, blowers, and point-of-sale systems.
The Dresser brand operates in more than 60 countries with four principal business segments: Measurement and Distribution Systems, Flow Technologies, Infrastructure Solutions, and Power and Compression Systems. It retains trade names of Masoneilan, Consolidated, Becker, Mooney, ROOTS, and Wayne fuel pumps.