Dril-Quip - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Dril-Quip M&A Summary

Dril-Quip has acquired 3 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms.

Dril-Quip’s largest acquisition to date was in 2016, when it acquired TIW for $143M. Dril-Quip has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include energy services and equipment (100%).

Dril-Quip Business Overview

Where is Dril-Quip headquartered?

Dril-Quip is headquartered in Houston, Texas.

What is Dril-Quip’s revenue?

Dril-Quip disclosed revenue of 424M USD for 2023 and 362M USD for 2022.

How many employees does Dril-Quip have?

Dril-Quip has 1,356 employees.

What sector is Dril-Quip in?

Dril-Quip is an oil/gas exploration company.

When was Dril-Quip founded?

Dril-Quip was founded in 1981.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1
  • M&A Advisors 3

Dril-Quip

Dril-Quip, Inc.

2050 West Sam Houston Parkway S. Suite 1100,
Houston, Texas 77042
United States,
(713) 939-7711
www.dril-quip.com

Dril-Quip designs, manufactures and sells drilling and production hardware and a wide variety of capital rig equipment for use by oil and gas companies. Dril-Quip's extensive product offering is well suited for use in deepwater, harsh environments and severe service applications. Dril-Quip was incorporated in 1981 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - - 1 - 3
vol $163M $80M $243M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Redco Group 2023-07-31 80M USD Add-on Acquisition
Edmonton, Alberta · www.gnwf.ca
The Technologies Alliance, Inc. (dba OilPatch Technologies) 2017-01-06 20M USD Add-on Acquisition
Houstan, Texas · www.oilpatchtech.com
TIW Corp. 2016-10-17 143M USD Add-on Acquisition
Houston, Texas · www.tiwoiltools.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 3 (100%) 243M (100%) - -
Total 3 $243M - -

By Geo

State/Country Buy Value Sell Value
United States 2 163M - -
  Texas 2 163M - -
Canada 1 80M - -
  Alberta 1 80M - -
Domestic 2 (67%) 163M (67%) - -
Cross-border 1 (33%) 80M (33%) - -
Total 3 $243M - -

Top M&A Advisors

Financial Deals
Evercore Group
 1
Morgan Stanley
 1
Legal Deals
Gibson, Dunn & Crutcher
 1

Deal Values

buy # Total
$100M to $1B 1 $143M
< $100M 2 $100M
TOTAL $243M
Largest TIW Corp.
$143M (2016-10-17)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

424   18% 2023
362   13% 2022
323   12% 2021
365   13% 2020
415   8% 2019
385   16% 2018
455   16% 2017
539   37% 2016
844   10% 2015
931   7% 2014
872   19% 2013
733   2012
(millions of USD) Show More Show Less

Employees

1,356

Established

1981

Public

NYSE: DRQ

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