M&A Deal Summary |
|
|---|---|
| Date | 2011-03-07 |
| Target | Norse Cutting & Abandoment AS |
| Sector | Energy Services and Equipment |
| Buyer(s) | Oceaneering International |
| Sellers(s) | EV Private Equity |
| Deal Type | Add-on Acquisition |
| Deal Value | 60M USD |
| Advisor(s) | C.W. Downer & Co. (Financial) |
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| Category | Company |
|---|---|
| Founded | 1964 |
| Sector | Energy Services and Equipment |
| Employees | 8,300 |
| Revenue | 1.8B USD (2020) |
Oceaneering International is a provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries. Oceaneering International was formed in 1964 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 17 |
| Sector (Energy Services and Equipment) | 4 of 8 |
| Type (Add-on Acquisition) | 6 of 11 |
| Country (Norway) | 4 of 5 |
| Year (2011) | 1 of 2 |
| Size (of disclosed) | 5 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-03-17 |
GTO Subsea AS
Kristiansund, Norway GTO is a rental provider of specialized subsea dredging and excavation equipment, including remotely operated vehicle (ROV) deployed units, to the offshore oil and gas industry. |
Buy | $45M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-11-22 |
AGR Field Operations
Straume, Norway AGR FO is a provider of inspection, maintenance, subsea engineering, and field operations services, principally to the oil and gas industry. |
Buy | $240M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 1.0B NOK |
| Size | Middle-Market |
| Type | Sector Focused |
Energy Ventures is an independent venture capital firm that manages/advises four venture funds. It actively seeks early- to mid-stage investments in technology companies that deliver a marketable, proprietary product or service in the upstream oil and gas sector. Energy Ventures focuses on investments based in the North Sea area or North America with an international orientation. Established in 2002, Energy Ventures is based in Stavanger, Norway with additional offices in Aberdeen, UK, and Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 25 |
| Sector (Energy Services and Equipment) | 8 of 16 |
| Type (Add-on Acquisition) | 8 of 19 |
| Country (Norway) | 6 of 10 |
| Year (2011) | 1 of 2 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-12-21 |
Wireless Seismic
Sugar Land, Texas, United States Wireless Seismic, Inc. manufactures the only wireless seismic data acquisition system with real-time data return, improving safety and data quality while lowering operating costs. Wireless Seismic, Inc. was founded in 2006 and is based in Sugar Land, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-04-15 |
Stingray Geophysical
Guildford, United Kingdom Stingray Geophysical is a fibre-optic based, permanent reservoir monitoring solutions company. |
Sell | - |
