Flotek - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Flotek M&A Summary

Flotek has acquired 9 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Flotek’s largest acquisition to date was in 2013, when it acquired Florida Chemical for $50M. It’s largest disclosed sale occurred in 2017, when it sold Flotek Industries - Drilling Technologies Division to NOV for $17M. Flotek has acquired in 4 different US states. The Company’s most targeted sectors include energy services and equipment (45%) and chemicals (23%).

Flotek Business Overview

Where is Flotek headquartered?

Flotek is headquartered in Houston, Texas.

What is Flotek’s revenue?

Flotek disclosed revenue of 188M USD for 2023 and 136M USD for 2022.

How many employees does Flotek have?

Flotek has 131 employees.

What sector is Flotek in?

Flotek is an energy services and equipment company.

When was Flotek founded?

Flotek was founded in 1985.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity9
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 1

Flotek

Flotek Industries Inc.

8846 North Sam Houston Pkwy West, Suite 150,
Houston, Texas 77064
United States,
(713) 849-9911
www.flotekind.com

Flotek is a diversified global supplier of drilling and production products and services to the energy and mining industries. Flotek Industries was founded in 1985 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 8 1 - - - - 9
vol $67M $34M $101M
Sell (0.0/yr) # 2 - - - - - 2
vol $17M $17M
  11

Most Recent M&A

Company Date Value Type
JP3 Measurement LLC 2020-05-18 34M USD Add-on Acquisition
Austin, Texas · www.jp3.com
Florida Chemical Co. Inc. 2019-01-11 - Divestiture
Winter Haven, Florida · www.floridachemical.com
Flotek Industries - Drilling Technologies Division 2017-05-02 17M USD Divestiture
Houston, Texas
International Polymerics, Inc. 2016-07-27 8M USD Add-on Acquisition
Dalton, Georgia · www.internationalpolymerics.com
Ely & Associates, Inc. 2015-10-05 - Add-on Acquisition
Houston, Texas · www.elyfrac.com
International Artificial Lift, LLC 2015-01-28 2M USD Add-on Acquisition
Boyd, Texas
SiteLark, LLC 2014-04-15 600K USD Add-on Acquisition
Dallas, Texas · sitelark.com
Eclipse IOR Services LLC 2013-07-29 - Add-on Acquisition
Keller, Texas · www.eoga.net
EOGA IOR Services, LLC 2013-07-29 7M USD Add-on Acquisition
Keller, Texas · www.eoga.net
Florida Chemical Co. Inc. 2013-05-10 50M USD Add-on Acquisition
Winter Haven, Florida · www.floridachemical.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 4 (44%) 41M (40%) 1 (50%) 17M (100%)
Chemicals 2 (22%) 57M (57%) 1 (50%) -
Machinery 2 (22%) 2M (2%) - -
Engineering 1 (11%) 600K (1%) - -
Total 9 $101M 2 $17M

By Geo

State/Country Buy Value Sell Value
United States 9 101M 2 17M
  Texas 6 44M 1 17M
  Florida 1 50M 1 -
  Oklahoma 1 - - -
  Georgia 1 8M - -
Total 9 $101M 2 $17M

Top M&A Advisors

Legal Deals
Andrews Kurth Kenyon LLP
1

Deal Values

buy # Total
< $100M 6 $101M
TOTAL $101M
Largest Florida Chemical Co. Inc.
$50M (2013-05-10)
sell # Total
< $100M 1 $17M
TOTAL $17M
Largest Flotek Industries - Drilling Technologies Division
$17M (2017-05-02)

M&A Connections

Deals
Acquired from
Investor(s)
11%
1 (11%)
Divested to
Strategic(s)
100%
2 (100%)

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