M&A Deal Summary |
|
|---|---|
| Date | 2013-02-27 |
| Target | Liftboat Titan 2 |
| Sector | Energy Services and Equipment |
| Buyer(s) | Hercules Offshore |
| Sellers(s) | KS Distribution |
| Deal Type | Divestiture |
| Deal Value | 42M USD |
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| Category | Company |
|---|---|
| Founded | 2004 |
| Sector | Energy Services and Equipment |
| Employees | 1,800 |
| Revenue | 900M USD (2014) |
Hercules Offshore, Inc. is a provider of offshore contract drilling, liftboat and inland barge services with operations in nine countries on four continents. Its fleet of jackup rigs is the fourth largest in the world and the largest in the U.S. Gulf of Mexico, and it owns and operates the largest liftboat and inland barge drilling fleets in the world.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector (Energy Services and Equipment) | 4 of 5 |
| Type (Divestiture) | 2 of 2 |
| Country (Cameroon) | 1 of 1 |
| Year (2013) | 1 of 2 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-20 |
TODCO Mexico
Houston, Texas, United States TODCO Mexico Inc. offers a range of services to oil and gas producers. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-06-24 |
Hercules Offshore - Domestic Liftboats
United States Hercules Offshore - Domestic Liftboats includes 29 marketed liftboats, 10 cold-stacked liftboats, and related assets. |
Sell | $54M |
KS Distribution is the largest oil & gas and marine products distribution business with more than 60,000 product lines across nine countries. KS Distribution was formed in 2010 and is based in Singapore.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Cameroon) | 1 of 1 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
