M&A Deal Summary |
|
|---|---|
| Date | 2017-05-02 |
| Target | Flotek Industries - Drilling Technologies Division |
| Sector | Energy Services and Equipment |
| Buyer(s) | NOV |
| Sellers(s) | Flotek |
| Deal Type | Divestiture |
| Deal Value | 17M USD |
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| Category | Company |
|---|---|
| Founded | 1862 |
| Sector | Energy Services and Equipment |
| Employees | 32,307 |
| Revenue | 7.2B USD (2022) |
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 | 26 of 29 |
| Sector (Energy Services and Equipment) | 18 of 21 |
| Type (Divestiture) | 5 of 6 |
| State (Texas) | 10 of 11 |
| Country (United States) | 13 of 15 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 12 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-27 |
Fjords Processing AS
Fornebu, Norway Fjords Processing AS is a provider of wellstream processing technology, systems and services to the upstream oil and gas industry. |
Buy | Nkr1.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-04 |
GustoMSC BV
Schiedam, Netherlands GustoMSC designs, engineers, and provides patented equipment for offshore drilling rigs and vessels used for energy exploration, production, and construction, including for wind farm installation and maintenance. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1985 |
| Sector | Energy Services and Equipment |
| Employees | 131 |
| Revenue | 43M USD (2021) |
Flotek is a diversified global supplier of drilling and production products and services to the energy and mining industries. Company are focused on providing innovative solutions, best-in-class technology and exceptional customer service. Flotek Industries was founded in 1985 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-07-27 |
International Polymerics
Dalton, Georgia, United States International Polymerics, Inc. is based in Dalton, Georgia with a distribution center in Monahans, Texas and is one of the largest domestic suppliers of natural polymers, including guar, to the oil and gas industry. IPI was founded by Donald Bramblett, a leading expert of natural polymers and the development of guar applications in the energy and textile trades. IPI’s proprietary guar processing systems have provided high-quality guar powder and slurry to oil and gas clients for nearly a decade in nearly every producing basin in the United States. |
Buy | $8M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-11 |
Florida Chemical
Winter Haven, Florida, United States Florida Chemical Co. Inc. produces a wide range of high-value citrus flavor ingredients, specialty terpenes, and formulated products primarily for the flavor, fragrance and consumer products markets. Their innovative, high-quality on-trend products match consumer preferences for a natural, clean label and reduced sugar foods and beverages. |
Sell | - |
