M&A Deal Summary

CARBO Ceramics Acquires Pinnacle Technologies

On May 31, 2002, CARBO Ceramics acquired energy services and equipment company Pinnacle Technologies for 12M USD

Acquisition Highlights
  • This is CARBO Ceramics’ 1st transaction in the Energy Services and Equipment sector.
  • This is CARBO Ceramics’ largest (disclosed) transaction.
  • This is CARBO Ceramics’ 1st transaction in the United States.
  • This is CARBO Ceramics’ 1st transaction in California.
Investment Fate
  • Pinnacle Technologies was divested to a consortium of strategic buyers in 2008.

M&A Deal Summary
Date 2002-05-31
Target Pinnacle Technologies
Sector Energy Services and Equipment
Buyer(s) CARBO Ceramics
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Pinnacle Technologies

San Francisco, California, United States
Pinnacle Technologies, Inc. is a provider of unique integration of microseismic, tiltmeter, and fiber optic technologies to maximize completion efficiency and production economics.

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Buyer(S) 1

Buyer

CARBO Ceramics

Houston, Texas, United States

website

Category Company
Founded 1987
Sector Energy Services and Equipment
Employees407
Revenue 211M USD (2018)
DESCRIPTION

CARBO Ceramics is an oilfield services technology company that provides industry-leading production enhancement and environmental services solutions. By integrating technologies and intellectual capital to design, build and optimize fractures, CARBO delivers complete production enhancement solutions to help oilfield service companies and E&P clients increase the production of oil and natural gas wells and achieve higher ultimate recovery rates. The Company also provides high-performance spill prevention and containment solutions that are engineered to protect the client’s entire wellsite as well as the environment. CARBO Ceramics was established in 1987 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 2
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-28 Pinnacle Technologies

San Francisco, California, United States

Pinnacle Technologies, Inc. is a provider of unique integration of microseismic, tiltmeter, and fiber optic technologies to maximize completion efficiency and production economics.

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