M&A Deal Summary

MTQ Acquires Premier Sea & Land Pte

On July 6, 2011, MTQ acquired energy services and equipment company Premier Sea & Land Pte from Complete Production Services for 19M USD

Acquisition Highlights
  • This is MTQ’s 1st transaction in the Energy Services and Equipment sector.
  • This is MTQ’s largest (disclosed) transaction.
  • This is MTQ’s 1st transaction in Singapore.

M&A Deal Summary

Date 2011-07-06
Target Premier Sea & Land Pte
Sector Energy Services and Equipment
Buyer(s) MTQ
Sellers(s) Complete Production Services
Deal Type Divestiture
Deal Value 19M USD

Target

Premier Sea & Land Pte

Singapore
Premier Sea & Land Pte Ltd. is engaged in the business of providing oilfield equipment primarily used in drilling applications in Southeast Asia.

Search 193,711 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

MTQ

Singapore, Singapore

website


Category Company
Founded 1959
Sector Energy Services and Equipment
Employees695
Revenue 52M SGD (2022)
DESCRIPTION

MTQ engages in the engineering solutions for oilfield equipment in Singapore. Company also provides engineering services for the servicing, manufacturing, assembly, and fabrication of oilfield equipment that are used in the oil and gas industry. MTQ was founded in 1959 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 (Singapore) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Complete Production Services

Houston, Texas, United States

website


Category Company
Sector Energy Services and Equipment
DESCRIPTION

Complete Production Services, Inc. provides completion and production services to develop hydrocarbon reserves for oil and gas companies in North America.


DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 2
Country (Singapore) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-28 Turner Group

Canadian, Texas, United States

Turner Group provides well site services, such as fishing, equipment rental, fluid handling, and salt water disposal services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-02 Complete Production Services - Canadian wireline operations

Ontario, Canada

Complete Production Service's Canadian wireline operations provides services to develop hydrocarbon reserves for oil and gas companies.

Sell $45M