Add-on Acquisition • Energy Services and Equipment

Halliburton Acquires Global Oilfield Services

On September 6, 2011, Halliburton acquired energy services and equipment company Global Oilfield Services from Pine Brook Partners

Acquisition Context
  • This is Halliburton’s 7th transaction in the Energy Services and Equipment sector.
  • This is Halliburton’s 11th transaction in the United States.
  • This is Halliburton’s 6th transaction in Texas.

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M&A Deal Summary

Date September 6, 2011
Target Global Oilfield Services
Sector Energy Services and Equipment
Buyer(s) Halliburton
Sellers(s) Pine Brook Partners
Deal Type Add-on Acquisition

Target Company

Global Oilfield Services

Houston, Texas, United States
Global Oilfield Services, Inc. is an oilfield products and service company focused on the artificial lift sector, targeting domestic and international on-shore oil markets. Artificial lift systems are used to initiate and improve the production of hydrocarbons and other wellbore fluids, especially in maturing fields.
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Buyer Overview 1

Buyer

Halliburton

Houston, Texas, United States

Category Company
Founded 1919
Sector Energy Services and Equipment
Employees48,000
Revenue 22.9B USD (2024)
DESCRIPTION
Entrance to Halliburton's corporate headquarters in Houston, Texas.
Entrance to Halliburton's corporate headquarters in Houston, Texas.

Halliburton is a provider of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton was founded in 1919 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 14 of 21
Sector: Energy Services and Equipment 7 of 8
Type: Add-on Acquisition 10 of 16
State: Texas 6 of 10
Country: United States 11 of 17
Year: 2011 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-06 Multi-Chem Group

San Angelo, Texas, United States

Multi-Chem is the fourth-largest provider of production chemicals in North America, delivering specialty chemicals, services and solutions that help oil and gas companies develop their resources in more than 30,000 oil and natural gas wells around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Data Retrieval

Houston, Texas, United States

Data Retrieval Corporation, Inc. is a software and data testing provider for the energy industry.

Buy -

Seller Profile 1

SELLER

Pine Brook Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.


Deal Context for Seller #
Overall 3 of 27
Sector: Energy Services and Equipment 1 of 2
Type: Add-on Acquisition 2 of 13
State: Texas 3 of 13
Country: United States 3 of 19
Year: 2011 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Phoenix Exploration Co.

Houston, Texas, United States

Phoenix Exploration Co. is an oil and gas E&P company focused on the shallow waters in the Gulf of Mexico and the onshore Gulf Coast, primarily in Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 SiriusPoint

Pembroke, Bermuda

SiriusPoint is a provider of various specialty property and casualty reinsurance products. SiriusPoint was founded in 2011 and is based in Pembroke, Bermuda.

Buy -