ChampionX - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

ChampionX M&A Summary

ChampionX has acquired 4 companies of its own, including 4 in the last 5 years.

ChampionX’s largest acquisition to date was in 2024, when it acquired RMSpumptools for $110M. ChampionX has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include energy services and equipment (50%) and software (25%).

ChampionX Ownership

Who owns ChampionX?

ChampionX is owned by Schlumberger. It was acquired on April 2, 2024.

ChampionX Business Overview

Where is ChampionX headquartered?

ChampionX is headquartered in The Woodlands, Texas.

What is ChampionX’s revenue?

ChampionX disclosed revenue of 3,806M USD for 2022 and 3,075M USD for 2021.

What sector is ChampionX in?

ChampionX is an energy services and equipment company.

When was ChampionX founded?

ChampionX was founded in 1882.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

ChampionX

ChampionX Corp.

2445 Technology Forest Blvd., Building 4, Suite 1200,
The Woodlands, Texas 77381
United States,
(281) 403-5772
www.championx.com

ChampionX is a provider of engineered equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world. The company's products provide efficient functioning throughout the lifecycle of a well - from drilling to completion to production. ChampionX was incorporated in 1882 and is based in The Woodlands, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 1 - 1 - - 2 4
vol $110M $110M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
RMSpumptools Ltd. 2024-03-22 110M USD Divestiture
Aberdeen, United Kingdom · www.rmspumptools.com
Artificial Lift Performance Ltd. 2024-02-27 - Add-on Acquisition
Edinburgh, United Kingdom · www.alperform.com
Scientific Aviation 2021-07-05 - Add-on Acquisition
Boulder, Colorado · www.scientificaviation.com
ChampionX 2019-12-19 - Divestiture
St. Paul, Minnesota
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (50%) 110M (100%) - -
Environmental 1 (25%) - - -
Software 1 (25%) - - -
Total 4 $110M - -

By Geo

State/Country Buy Value Sell Value
United Kingdom 2 110M - -
United States 2 - - -
  Minnesota 1 - - -
  Colorado 1 - - -
Domestic 2 (50%) - - -
Cross-border 2 (50%) 110M (100%) - -
Total 4 $110M - -

Top M&A Advisors

Financial Deals
Centerview Partners
 1
Lazard Ltd.
 1
Legal Deals
Weil Gotshal & Manges
 1

Deal Values

buy # Total
$100M to $1B 1 $110M
TOTAL $110M
Largest RMSpumptools Ltd.
$110M (2024-03-22)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

3,806   24% 2022
3,075   62% 2021
1,900   68% 2020
1,131   8% 2019
1,217   21% 2018
1,010   35% 2017
751   31% 2016
1,077   2015
(millions of USD) Show More Show Less

Established

1882

Former Name

Apergy Corp. (Wellsite Corp.)

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