DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS) ("Flowserve†or the "Company†), a leading provider of flow control products and services for the global infrastructure markets, has reached an agreement to divest BW/IP - New Mexico, Inc. ("BW/IP†), a wholly owned subsidiary of the Company that holds asbestos liabilities and related insurance assets, to an affiliate of Acorn Investment Partners ("Acorn†), a portfolio company of funds managed by Oaktree Capital Management L.P. Under the terms of ...