M&A Deal Summary

Abaco Energy Acquires Ascent Coating Technologies

On October 31, 2014, Abaco Energy acquired manufacturer Ascent Coating Technologies from Basin Holdings

Acquisition Highlights
  • This is Abaco Energy’s 1st transaction in the Manufacturing sector.
  • This is Abaco Energy’s 3rd transaction in the United States.
  • This is Abaco Energy’s 3rd transaction in Texas.

M&A Deal Summary
Date 2014-10-31
Target Ascent Coating Technologies
Sector Manufacturing
Buyer(s) Abaco Energy
Sellers(s) Basin Holdings
Deal Type Divestiture

Target

Ascent Coating Technologies

Houston, Texas, United States
Ascent Coating Technologies LLC is a specializes in tungsten carbide coating services, a process that greatly enhances the reliability and durability of drilling tools used in corrosive shale developments.

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Buyer(S) 1

Buyer

Abaco Energy

Houston, Texas, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Abaco Energy is a provider of oil and gas production, exploration, and other related services. Abaco Energy was formed in 2013 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 3 of 3
Country (United States) 3 of 3
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 BasinTek

Houston, Texas, United States

BasinTek LLC is a manufacturer of drilling motors used in oil and gas exploration activities.

Buy -

Seller(S) 1

SELLER

Basin Holdings

New York, New York, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Basin Holdings is a global holding company focused on providing products and services to energy and industrial customers. The Company operates in seven sectors: equipment supply and distribution, drilling tools, production and completion tools, material handling, precision machining, power solutions, and specialty products. Our global reach into emerging markets is an important differentiator. Basin currently manufactures oilfield equipment in North America, and distributes equipment and services through its global network of procurement centers, sales offices, and on-site supply stores.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 BasinTek

Houston, Texas, United States

BasinTek LLC is a manufacturer of drilling motors used in oil and gas exploration activities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 Frank Henry Equipment USA

Fruita, Colorado, United States

Frank Henry Equipment USA LLC is a manufacturer, distributor of customized pressure control equipment, grease injection systems, perforating products, lube trailers, and wireline sheaves and accessories.

Buy -
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