M&A Deal Summary

Tetra Technologies Acquires Optima Solutions UK

On March 9, 2012, Tetra Technologies acquired energy services and equipment company Optima Solutions UK for 40M GBP

Acquisition Highlights
  • This is Tetra Technologies’ 1st transaction in the Energy Services and Equipment sector.
  • This is Tetra Technologies’ 0th largest (disclosed) transaction.
  • This is Tetra Technologies’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2012-03-09
Target Optima Solutions UK
Sector Energy Services and Equipment
Buyer(s) Tetra Technologies
Deal Type Add-on Acquisition
Deal Value 40M GBP
Advisor(s) Ernst & Young Capital Advisors LLC (Financial)

Target

Optima Solutions UK

Aberdeen, United Kingdom
website
Optima is a provider of rig cooling services and associated products that suppress heat generated by the high-rate flaring of hydrocarbons during offshore well test operations

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Buyer(S) 1

Buyer

Tetra Technologies

The Woodlands, Texas, United States

website

Category Company
Founded 1981
Sector Energy Services and Equipment
Employees1,300
Revenue 553M USD (2022)
DESCRIPTION
Tetra Technologies' corporate headquarters in The Woodlands, Texas.
Tetra Technologies' corporate headquarters in The Woodlands, Texas.

Tetra Technologies is a geographically diversified oil and gas services company focused on completion fluids and associated products and services, water management, after-frac flow back, production well testing, offshore rig cooling, compression based production enhancement, and selected offshore services, including well plugging and abandonment, decommissioning, and diving. Tetra Technologies was founded in 1981 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 2 of 5
Sector (Energy Services and Equipment) 1 of 3
Type (Add-on Acquisition) 2 of 4
Country (United Kingdom) 1 of 1
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-09 EPIC Divers & Marine

Belle Chasse, Louisiana, United States

EPIC Divers & Marine LLC offers a full complement of commercial diving services and operates a fleet of marine vessels, including saturation dive units capable of supporting saturation diving up to 1,000 feet below sea level.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-23 Patterson-UTI Energy - Flowback Operations

United States

Patterson's flowback operations serve oil and gas operators in Appalachia and the U.S. Rockies from offices located in Pennsylvania, West Virginia and Colorado.

Buy $43M
Mergr

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