Riverstone will invest through its Carlyle/Riverstone Global Energy and Power
Fund III, L.P. The terms of the transaction were not disclosed.
Dresser, based in
Dallas, is a leading manufacturer and marketer of valves, actuators, meters,
switches, regulators, piping products and other engineered products for the
energy industry. The company has manufacturing and customer service facilities
in 20 countries and a sales presence in over 100 countries.