M&A Deal Summary

NOV Acquires Fiberspar

On October 10, 2012, NOV acquired energy services and equipment company Fiberspar from White Deer Energy

Acquisition Highlights
  • This is NOV’s 15th transaction in the Energy Services and Equipment sector.
  • This is NOV’s 10th transaction in the United States.
  • This is NOV’s 7th transaction in Texas.

M&A Deal Summary
Date 2012-10-10
Target Fiberspar
Sector Energy Services and Equipment
Buyer(s) NOV
Sellers(s) White Deer Energy
Deal Type Add-on Acquisition
Advisor(s) Simmons & Company (Financial)

Target

Fiberspar

Houston, Texas, United States
Fiberspar Corp. is a provider of energy services to oil and gas industry with a family of products to address the market requirements for a reliable, corrosion-resistant, cost-effective solution for tubulars used during the production and transportation of oil and gas.

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Buyer(S) 1

Buyer

NOV

Houston, Texas, United States
Category Company
Founded 1862
Sector Energy Services and Equipment
Employees33,676
Revenue 8.6B USD (2023)
DESCRIPTION
Entrance to National Oilwell Varco's corporate headquarters in Houston, Texas.
Entrance to National Oilwell Varco's corporate headquarters in Houston, Texas.

NOV is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. NOV was formed in 1862 and is based in Houston, Texas.

DEAL STATS #
Overall 20 of 29
Sector (Energy Services and Equipment) 15 of 21
Type (Add-on Acquisition) 15 of 20
State (Texas) 7 of 11
Country (United States) 10 of 15
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-31 Wilson International

Houston, Texas, United States

Wilson International, Inc. is a distributor of pipe, valves and fittings as well as mill, tool and safety products and services.

Buy $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-20 Robbins & Myers

Willis, Texas, United States

Robbins & Myers, Inc., is a supplier of highly engineered, application critical equipment and systems for global pharmaceutical, energy, and industrial markets. Our success is based on close and continuing interaction with our customers, innovative products, application engineering and customer support, and a competitive manufacturing cost structure.

Buy $2.5B

Seller(S) 1

SELLER

White Deer Energy

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 2.7B USD
Size Large
Type Sector Focused
DESCRIPTION

White Deer Energy is a specialist private equity investment group focused on the energy sector. White Deer targets equity investments of $25 to $100 million in companies active in oil and gas production, oil service and equipment manufacturing and midstream infrastructure. Prospective transaction situations include companies in need of capital for growth, companies with follow-on opportunities, or management teams looking to continue to operate their companies. The Firm prefers control or co-control positions. White Deer Energy was formed in 2008 and has offices in Houston, Texas and New York, New York.

DEAL STATS #
Overall 1 of 17
Sector (Energy Services and Equipment) 1 of 13
Type (Add-on Acquisition) 1 of 9
State (Texas) 1 of 7
Country (United States) 1 of 15
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Acteon

Norwich, United Kingdom

Acteon is a global oilfield services provider focusing on the provision of subsea services and products. Acteon was founded in 1989 and is based in Norwich, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-04 Emerald Oil

Denver, Colorado, United States

Emerald Oil, Inc. is an independent exploration and production company focused primarily on the development of its approximate 47,000 net acres in the Williston Basin in North Dakota and Montana, prospective for oil in the Bakken and Three Forks formations. Emerald Oil was founded in 2004 and is based in Denver, Colorado.

Buy -
Mergr

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