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M&A Deal Summary

NOV Acquires GustoMSC BV

On June 4, 2018, NOV acquired energy services and equipment company GustoMSC BV from Parcom and GEC

Acquisition Highlights
  • This is NOV’s 19th transaction in the Energy Services and Equipment sector.
  • This is NOV’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2018-06-04
Target GustoMSC BV
Sector Energy Services and Equipment
Buyer(s) NOV
Sellers(s) Parcom
GEC
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

NOV

Houston, Texas, United States
Category Company
Founded 1862
Sector Energy Services and Equipment
Employees34,010
Revenue 8.9B USD (2024)
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 27 of 29
Sector (Energy Services and Equipment) 19 of 21
Type (Add-on Acquisition) 19 of 20
Country (Netherlands) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-02 Flotek Industries - Drilling Technologies Division

Houston, Texas, United States

Flotek Industries - Drilling Technologies Division has been a foundation of Flotek for well over a decade and its resiliency through the cycles has been a testament to the proprietary equipment and high impact employees. Advanced, robust survey and MWD tools delivered by Teledrift improve drilling efficiency and reduce operating costs.

Buy $17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Essentra Pipe Protection Technologies

Houston, Texas, United States

Essentra Pipe Protection Technologies specialize in manufacturing the broadest range of thread protectors in the OCTG and drill pipe markets to ensure that we've got the oil and gas industry covered. From API thread connections to premium threads, we provide solutions for many applications in a wide array of materials. Additionally, we supply our customers with pipe protection products outside of thread protection, and we are always looking to find new ways to protect your investments. At Essentra, we help you deliver the protected pipe; all day, every day.

Buy $48M

Seller(S) 2

SELLER

Parcom

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Parcom Capital is a Dutch middle-market private equity group focused on opportunities in the Netherlands. The Firm targets companies with €50 to €500 million of revenue and €10 to €50 million of EBITDA. Sectors of interest include oil & gas, industrial, distribution, and manufacturing. Parcom Capital operates as a subsidiary of financial services firm ING and is based in Amsterdam.

DEAL STATS #
Overall 18 of 30
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 11 of 15
Country (Netherlands) 13 of 25
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 ConDoor Door Solutions

Zeewolde, Netherlands

ConDoor Door Solutions is a manufacturer of industrial and residential overhead doors with two production facilities in the Netherlands and one in Hungary. The company sells its products throughout Europe via a large network of independent dealers in more than 40 countries. ConDoor Door Solutions was founded in 1997 and is based in Zeewolde, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Altrex

Zwolle, Netherlands

Altrex provides non-permanent aluminium access equipment, such as scaffolds, ladders, and suspended platforms. Altrex was established in 1950 and is based in Zwolle, Netherlands.

Buy -
SELLER

GEC

Category Private Equity Firm
Founded 2008
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

GEC (Global Energy Capital) is a private equity firm specialized in the acquisition and development of industrial products companies. The Firm is primarily interested in companies that serve the energy industry, with innovative products and that are well-positioned to grow organically, via acquisitions, or through both. GEC was established in 2008 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 3 of 7
Sector (Energy Services and Equipment) 2 of 4
Type (Add-on Acquisition) 2 of 3
Country (Netherlands) 1 of 1
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 Premium Oilfield Technologies

Houston, Texas, United States

Premium Oilfield Technologies is an oilfield service company which engineers, manufactures and distributes technologically differentiated consumable products used in oil and gas well drilling and completion activities. Premium Oilfield Technologies is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Locus Bio-Energy Solutions

The Woodlands, Texas, United States

Locus Bio-Energy Solutions, with facilities in Houston, Midland and Solon, OH, offers patented, microbial-based production enhancement solutions for E&P operators. Locus’ products increase production and recoverable reserves, while reducing paraffin buildup. The Company provides effective, environmentally-friendly, non-bacterial alternatives to traditional production chemicals. Locus Bio-Energy Solutions is based in The Woodlands, Texas.

Buy -
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