M&A Deal Summary

Hunting Acquires Dearborn Precision Tubular Products

On August 15, 2011, Hunting acquired machinery company Dearborn Precision Tubular Products for 84M USD

Acquisition Highlights
  • This is Hunting’s 1st transaction in the Machinery sector.
  • This is Hunting’s 2nd largest (disclosed) transaction.
  • This is Hunting’s 2nd transaction in the United States.
  • This is Hunting’s 1st transaction in Maine.

M&A Deal Summary
Date 2011-08-15
Target Dearborn Precision Tubular Products
Sector Machinery
Buyer(s) Hunting
Deal Type Add-on Acquisition
Deal Value 84M USD

Target

Dearborn Precision Tubular Products

Fryeburg, Maine, United States
website
Dearborn is a manufacturer of high precision tubular and rotating components used primarily for oil and gas MWD and LWD housing components, power generation turbine shafts and aerospace turbine and rotor shafts.

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Buyer(S) 1

Buyer

Hunting

London, United Kingdom

website

Category Company
Founded 1874
Sector Oil/Gas Exploration
Employees19,492,258
Revenue 726M USD (2022)
DESCRIPTION

Hunting is a British-based supplier to the oil and gas industry. Some 27% of the business is owned by the Hunting family. Hunting was founded in 1874 and is based in London, the United Kingdom.

DEAL STATS #
Overall 2 of 5
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Maine) 1 of 1
Country (United States) 2 of 4
Year (2011) 2 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-05 Titan Specialties

Pampa, Texas, United States

Titan Specialties, Ltd. manufactures perforating guns and charges and other oilfield equipment.

Buy $775M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-28 Specialty Supply

Cypress, Texas, United States

Specialty Supply LP is a manufacturer of drilling (MWD) components, parts, and tools for oil and gas drilling industry.

Buy -
Mergr

Product

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