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

CommunicationsCompany

RigNet M&A Summary

RigNet has acquired 10 companies of its own.

RigNet’s largest acquisition to date was in 2012, when it acquired Nessco Group Holdings for $45M. RigNet has acquired in 2 different US states, and 6 countries. The Company’s most targeted sectors include communications (60%) and information technology (20%).

RigNet Ownership

Who owns RigNet?

RigNet is owned by ViaSat. It was acquired on December 21, 2020.

Was RigNet formerly PE-backed?

Yes. RigNet was formerly owned by 3 private investors.

RigNet Business Overview

Where is RigNet headquartered?

RigNet is headquartered in Houston, Texas.

What is RigNet’s revenue?

RigNet disclosed revenue of 243M USD for 2019 and 239M USD for 2018.

What sector is RigNet in?

RigNet is a communications company.

When was RigNet founded?

RigNet was founded in 2000.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity10
  • Total Sectors Invested 4
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 1

RigNet, Inc.

15115 Park Row Boulevard Suite 300,
Houston, Texas 77084
United States,
(281) 674-0100
www.rig.net

RigNet, Inc. is a provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over 30 countries on six continents, effectively spanning the drilling and production industry. RigNet was founded in 2000 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 10 - - - - - 10
vol $70M $70M
Sell (0.0/yr) # - - - - - - 0
  10

Most Recent M&A

Company Date Value Type
Automation Communications Engineering Corp. 2018-04-18 - Add-on Acquisition
Lafayette, Louisiana
Safety Controls, Inc. 2018-04-18 - Add-on Acquisition
Lafayette, Louisiana · www.safconinc.com
Intelie Soluções em Informática SA 2018-01-17 - Add-on Acquisition
Rio de Janeiro, Brazil · www.intelie.com
Data Technology Solutions 2017-07-24 - Add-on Acquisition
Breaux Bridge, Louisiana · www.dtscom.com
Cyphre Security Solutions 2017-05-22 - Add-on Acquisition
Austin, Texas · www.cyphre.com
Orgtec S.A.P.I. de C.V (dba TECNOR) 2016-02-04 - Add-on Acquisition
Monterrey, Mexico · www.tec-nor.com
Timas Munaicom TOO 2014-12-29 - Stake Purchase
Almaty, Kazakhstan
Energy Broadband Business - Inmarsat Plc 2013-08-01 25M USD Divestiture
London, United Kingdom
Nessco Group Holdings Ltd. 2012-07-05 45M GBP Add-on Acquisition
Aberdeen, United Kingdom · www.nessco.rig.net
OilCamp AS 2006-09-21 - Add-on Acquisition
Stavanger, Norway
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 6 (60%) 70M (100%) - -
Information Technology 2 (20%) - - -
Safety/Security 1 (10%) - - -
Technology Hardware 1 (10%) - - -
Total 10 $70M - -

By Geo

State/Country Buy Value Sell Value
United States 4 - - -
  Louisiana 3 - - -
  Texas 1 - - -
United Kingdom 2 70M - -
Brazil 1 - - -
Kazakhstan 1 - - -
Mexico 1 - - -
Norway 1 - - -
Domestic 4 (40%) - - -
Cross-border 6 (60%) 70M (100%) - -
Total 10 $70M - -

Deal Values

buy # Total
< $100M 2 $70M
TOTAL $70M
Largest Nessco Group Holdings Ltd.
$45M (2012-07-05)

M&A Connections

Deals
Acquired from
Strategic(s)
10%
1 (10%)

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