M&A Deal Summary |
|
---|---|
Date | 2024-02-12 |
Target | Coretrax |
Sector | Energy Services and Equipment |
Buyer(s) | Expro |
Sellers(s) | Buckthorn Partners |
Deal Type | Add-on Acquisition |
Deal Value | 210M USD |
Advisor(s) | Evercore Group (Financial) |
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Category | Company |
---|---|
Founded | 1938 |
Sector | Energy Services and Equipment |
Employees | 7,200 |
Expro is a provider of energy services, offering cost-effective, innovative solutions and best-in-class safety and service quality. The company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well integrity and intervention. Expro was founded in 1938 and is based in Houston, Texas.
DEAL STATS | # |
---|---|
Overall | 3 of 3 |
Sector (Energy Services and Equipment) | 2 of 2 |
Type (Add-on Acquisition) | 3 of 3 |
Country (United Kingdom) | 3 of 3 |
Year (2024) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-02-09 |
DeltaTek
Dyce, United Kingdom DeltaTek specializes in the good construction sector that developed pioneering technologies applicable to all types of well-construction projects. By utilizing its low-risk solutions, operators are reducing their carbon footprint, increasing operational efficiency, and improving the overall well construction process. The company combines overseas locations, partner organizations, and an extensive track record of saving operators time and money, whilst reducing risk. DeltaTek was formed in 2015 and is based in Dyce, Scotland. |
Buy | - |
Buckthorn Partners LLP is a private investment group focused exclusively on investments in oil field service businesses. The Firm has a special interest in partnering with companies exposed to long-term growth trends and providing them industry experience, growth capital, and advice. Buckthorn Partners LLP is based in London.
DEAL STATS | # |
---|---|
Overall | 1 of 1 |
Sector (Energy Services and Equipment) | 1 of 1 |
Type (Add-on Acquisition) | 1 of 1 |
Country (United Kingdom) | 1 of 1 |
Year (2024) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-12-13 |
Coretrax
Portlethen, United Kingdom Coretrax is an independent service company offering wellbore clean-up and wellbore abandonment operations. By coupling cutting-edge technology with exceptional customer service, Coretrax has gained a comprehensive track record working internationally in the Oil and Gas sector. Coretrax Technology Ltd. was founded in 2008 and is based in Portlethen, United Kingdom. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2024-03-27 |
Acteon
Norwich, United Kingdom Acteon is a global oilfield services provider focusing on the provision of subsea services and products. Acteon was founded in 1989 and is based in Norwich, United Kingdom. |
Buy | - |