M&A Deal Summary

Sidewinder Drilling Acquires Union Drilling

On November 7, 2012, Sidewinder Drilling acquired energy services and equipment company Union Drilling for 242M USD

Acquisition Highlights
  • This is Sidewinder Drilling’s 1st transaction in the Energy Services and Equipment sector.
  • This is Sidewinder Drilling’s largest (disclosed) transaction.
  • This is Sidewinder Drilling’s 1st transaction in the United States.
  • This is Sidewinder Drilling’s 1st transaction in Texas.

M&A Deal Summary
Date 2012-11-07
Target Union Drilling
Sector Energy Services and Equipment
Buyer(s) Sidewinder Drilling
Deal Type Add-on Acquisition
Deal Value 242M USD

Target

Union Drilling

Fort Worth, Texas, United States
website
Union Drilling is a drilling contractor in the United States with operations in the Appalachian Basin, the Rockies, Oklahoma and Texas.

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Buyer(S) 1

Buyer

Sidewinder Drilling

Houston, Texas, United States

website

Category Company
Founded 2011
Sector Energy Services and Equipment
DESCRIPTION

Sidewinder is a land-based drilling contractor that utilizes a technologically advanced fleet of highly mobile, operationally flexible, ultra-efficient land drilling rigs to service exploration and production companies. Sidewinder Drilling was founded in 2011 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
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