M&A Deal Summary

Seawell Americas Acquires Gray Wireline Service

On December 16, 2010, Seawell Americas acquired energy services and equipment company Gray Wireline Service from Centre Partners Management for 158M USD

Acquisition Highlights
  • This is Seawell Americas’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Seawell Americas’ largest (disclosed) transaction.
  • This is Seawell Americas’ 2nd transaction in the United States.
  • This is Seawell Americas’ 2nd transaction in Texas.

M&A Deal Summary
Date 2010-12-16
Target Gray Wireline Service
Sector Energy Services and Equipment
Buyer(s) Seawell Americas
Sellers(s) Centre Partners Management
Deal Type Add-on Acquisition
Deal Value 158M USD
Advisor(s) Raymond James - Investment Banking
Sheridan Capital Advisory, Inc. (Financial)
Dechert (Legal)

Target

Gray Wireline Service

Fort Worth, Texas, United States
Gray Wireline Service LLC is a independent cased hole wireline company in the U.S. The company commands one of the youngest fleets in the industry with a total of 110 wireline units. Gray operates in 18 district locations providing the Company access to 85% of all active U.S. drilling rigs and generates a balanced revenue stream from liquids and gas.

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Buyer(S) 1

Buyer

Seawell Americas

Houston, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Seawell Americas, Inc. provides drilling and well services to oil and gas industry.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2010) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Gray Energy Services

Houston, Texas, United States

Gray Energy Services LLC is a provider of production enhancement solutions to natural gas and oil production industry.

Buy -

Seller(S) 1

SELLER

Centre Partners Management

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1986
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centre Partners is a private equity firm focused on investments in North American middle-market companies 'with strong growth prospects, predictable cash flows, and defensible competitive positions'. Prospective transactions include investments in privately owned companies, growth capital financings, management buyouts/buy-ins, divestitures, and take privates. The Firm's typical investment size is $10 to $50 million. Areas of interest include consumer products and services, cable/media, business services, energy, financial services, healthcare, industrial, and retail. Centre Partners was formed in 1986 and has offices in New York, New York and Los Angeles, California.

DEAL STATS #
Overall 16 of 31
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 6 of 11
State (Texas) 3 of 3
Country (United States) 15 of 30
Year (2010) 3 of 4
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 Bumble Bee Foods

San Diego, California, United States

Bumble Bee Foods is a producer and marketer of canned tuna and other seafood and the leader in the premium albacore tuna market. The company sells its broad range of products under the well-known brands Bumble Bee, Clover Leaf and Orleans. Bumble Bee Foods was founded in 1899 and is based in San Diego, California.

Sell $980M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-20 Quickie Manufacturing

Cinnaminson, New Jersey, United States

Quickie Manufacturing Corp. is a provider of retail household cleaning tools and related products.Quickie Manufacturing Corporation is the largest supplier of retail household cleaning tools and equipment and related products. Quickie sells through the home center, food, drug, mass merchant and hardware channels.

Sell -
Mergr

Product

Company

Legal