Lufkin Industries - M&A Summary, Ownership, and Business Overview

MachineryCompany

Lufkin Industries M&A Summary

Lufkin Industries has acquired 5 companies of its own, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Lufkin Industries’ largest acquisition to date was in 2011, when it acquired Q2 Artificial Lift Services for $311M. Lufkin Industries has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include machinery (60%) and energy services and equipment (40%).

Lufkin Industries Ownership

Who owns Lufkin Industries?

Lufkin Industries is owned by KPS Capital Partners. It was acquired on May 1, 2020.

Is Lufkin Industries PE-backed?

Yes. Lufkin Industries is owned by private equity investor KPS Capital Partners.

Lufkin Industries Business Overview

Where is Lufkin Industries headquartered?

Lufkin Industries is headquartered in Missouri City, Texas.

How many employees does Lufkin Industries have?

Lufkin Industries has 4,400 employees.

What sector is Lufkin Industries in?

Lufkin Industries is a machinery company.

When was Lufkin Industries founded?

Lufkin Industries was founded in 1902.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 3
  • M&A Advisors 4

Lufkin Industries

Lufkin Industries, Inc.

811 Willow Oak Dr,
Missouri City, Texas 77489
United States,
(281) 495-1100
www.lufkin.com

Lufkin is a global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 3 1 1 - - - 5
vol $436M $436M
Sell (0.0/yr) # 1 - - - - - 1
  6

Most Recent M&A

Company Date Value Type
US Rod 2021-12-01 - Add-on Acquisition
Nappanee, Indiana · www.usrodco.com
Schlumberger - North American Rod Lift Business 2020-11-02 - Divestiture
, Texas
Q2 Artificial Lift Services (Q2 ALS) 2017-02-08 - Divestiture
Red Deer, Alberta · www.q2als.com
Zenith Oilfield Technology Ltd. 2012-02-29 125M GBP Add-on Acquisition
Inverurie, United Kingdom · www.zenithoilfield.com
Q2 Artificial Lift Services (Q2 ALS) 2011-09-06 311M USD Add-on Acquisition
Red Deer, Alberta · www.q2als.com
Rotating Machinery Technology, Inc. 2009-07-01 - Add-on Acquisition
Wellsville, New York · www.rmt-inc.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 3 (60%) - - -
Energy Services and Equipment 2 (40%) 436M (100%) 1 (100%) -
Total 5 $436M 1 -

By Geo

State/Country Buy Value Sell Value
United States 3 - - -
  New York 1 - - -
  Indiana 1 - - -
  Texas 1 - - -
Canada 1 311M 1 -
  Alberta 1 311M 1 -
United Kingdom 1 125M - -
Domestic 3 (60%) - - -
Cross-border 2 (40%) 436M (100%) 1 (100%) -
Total 5 $436M 1 -

Top M&A Advisors

Financial Deals
Barclays Investment Bank
 1
Simmons & Company
 1
Piper Sandler & Co.
 1
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison
 1

Deal Values

buy # Total
$100M to $1B 2 $436M
TOTAL $436M
Largest Q2 Artificial Lift Services (Q2 ALS)
$311M (2011-09-06)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
20%
1 (20%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Machinery

Revenue

1,300   2012
(millions of USD)

Employees

4,400

Established

1902

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