M&A Deal Summary |
|
|---|---|
| Date | 2004-10-29 |
| Target | Dresser-Rand Group |
| Sector | Energy Services and Equipment |
| Buyer(s) | First Reserve |
| Sellers(s) | IR |
| Deal Type | Divestiture |
| Deal Value | 1.2B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 32.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 109 |
| Sector (Energy Services and Equipment) | 11 of 33 |
| Type (Divestiture) | 2 of 9 |
| State (Texas) | 11 of 38 |
| Country (United States) | 21 of 73 |
| Year (2004) | 3 of 3 |
| Size (of disclosed) | 3 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-07-01 |
Foundation Coal Holdings
Linthicum Heights, Maryland, United States Foundation Coal is the fourth largest coal producer in the United States with a strong presence in Northern Appalachia and the Powder River Basin. Foundation produces approximately 65 million tons of coal per year and operates in all of the major coal producing regions of the United States. Foundation?s mines are located in Pennsylvania, Wyoming, West Virginia and Illinois. Collectively, Foundation operates a total of thirteen mines, four of which are surface mines and nine of which are underground mines. |
Buy | $967M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-12-01 |
Superior Energy Services
Houston, Texas, United States Superior Energy Services, Inc. is a provider of specialized oilfield services and equipment focusing on serving the production-related needs of oil and gas companies operating in the Gulf of Mexico. Superior provides a wide range of 'post-wellhead' products and services necessary to produce and maintain offshore production, including coiled tubing, hydraulic workover, well control, mechanical wireline, electric wireline, plug and abandonment services and a wide range of rental tools used in drilling and workover operations. Superior Energy Services was founded in 1991 and is based in Houston, Texas. |
Sell | - |
IR is a manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. IR was founded in 1859 and is based in Davidson, Wisconsin.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 8 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 5 |
| State (Texas) | 1 of 2 |
| Country (United States) | 2 of 7 |
| Year (2004) | 1 of 1 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-08-07 |
Integrated Access Systems
Parsippany, New Jersey, United States Integrated Access Systems, Inc. is a provider of specialty security systems integration. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-05-12 |
Security One Systems
Fort Lauderdale, Florida, United States Security One Systems provides turnkey security design solutions, including access-control, closed-circuit TV, video surveillance and alarm monitoring, with strong presence in communications, financial services, government and healthcare markets. |
Buy | - |
