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

MachineryCompany

Lufkin M&A Summary

Lufkin has acquired 5 companies of its own, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Lufkin’s largest acquisition to date was in 2011, when it acquired Q2 Artificial Lift Services for $311M. Lufkin has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include machinery (60%) and energy services and equipment (40%).

Lufkin Ownership

Who owns Lufkin?

Lufkin is owned by KPS Capital Partners and White Deer Energy. It was acquired on May 1, 2020.

Is Lufkin PE-backed?

Yes. Lufkin is owned by private equity investors KPS Capital Partners and White Deer Energy.

Lufkin Business Overview

Where is Lufkin headquartered?

Lufkin is headquartered in Missouri City, Texas.

How many employees does Lufkin have?

Lufkin has 4,400 employees.

What sector is Lufkin in?

Lufkin is a machinery company.

When was Lufkin founded?

Lufkin was founded in 1902.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 3
  • M&A Advisors 4

Lufkin

Lufkin Industries, Inc.

811 Willow Oak Dr,
Missouri City, Texas 77489
United States,
(281) 495-1100
www.lufkin.com

Lufkin is a global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world. Lufkin was founded in 1902 and is based in Missouri City, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 3 1 1 - - - 5
vol $436M $436M
Sell (0.0/yr) # 1 - - - - - 1
  6

Most Recent M&A

Company Date Value Type
US Rod 2021-12-01 - Add-on Acquisition
Nappanee, Indiana · www.usrodco.com
Schlumberger - North American Rod Lift Business 2020-11-02 - Divestiture
, Texas
Q2 Artificial Lift Services 2017-02-08 - Divestiture
Red Deer, Alberta · www.q2als.com
Zenith Oilfield Technology Ltd. 2012-02-29 125M GBP Add-on Acquisition
Inverurie, United Kingdom · www.zenithoilfield.com
Q2 Artificial Lift Services 2011-09-06 311M USD Add-on Acquisition
Red Deer, Alberta · www.q2als.com
Rotating Machinery Technology, Inc. 2009-07-01 - Add-on Acquisition
Wellsville, New York · www.rmt-inc.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 3 (60%) - - -
Energy Services and Equipment 2 (40%) 436M (100%) 1 (100%) -
Total 5 $436M 1 -

By Geo

State/Country Buy Value Sell Value
United States 3 - - -
  Texas 1 - - -
  New York 1 - - -
  Indiana 1 - - -
Canada 1 311M 1 -
  Alberta 1 311M 1 -
United Kingdom 1 125M - -
Domestic 3 (60%) - - -
Cross-border 2 (40%) 436M (100%) 1 (100%) -
Total 5 $436M 1 -

Top M&A Advisors

Financial Deals
Simmons & Company
1
Piper Sandler & Co.
1
Barclays Investment Bank
1
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison
1

Deal Values

buy # Total
$100M to $1B 2 $436M
TOTAL $436M
Largest Q2 Artificial Lift Services
$311M (2011-09-06)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
20%
1 (20%)
Divested to
Investor(s)
100%
1 (100%)

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