M&A Deal Summary

Abrado Wellbore Services Acquires Deltide Energy Services - Specialty Tool Product Lines

On June 22, 2016, Abrado Wellbore Services acquired energy services and equipment company Deltide Energy Services - Specialty Tool Product Lines from Deltide Energy Services

Acquisition Highlights
  • This is Abrado Wellbore Services’ 1st transaction in the Energy Services and Equipment sector.
  • This is Abrado Wellbore Services’ 1st transaction in the United States.
  • This is Abrado Wellbore Services’ 1st transaction in Louisiana.

M&A Deal Summary

Date 2016-06-22
Target Deltide Energy Services - Specialty Tool Product Lines
Sector Energy Services and Equipment
Buyer(s) Abrado Wellbore Services
Sellers(s) Deltide Energy Services
Deal Type Divestiture

Target

Deltide Energy Services - Specialty Tool Product Lines

Harvey, Louisiana, United States
Deltide Energy Services LLC - Specialty Tool Product Lines includes proprietary milling, fishing and magnetic tools.

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Buyer(S) 1

Buyer

Abrado Wellbore Services

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Abrado Wellbore Services specializes in creating the optimum wellbore environment through the implementation of innovative downhole cleanout tools, chemical stimulation treatments, and video-based diagnostic technology services. Abrado Wellbore Services is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Deltide Energy Services

Harvey, Louisiana, United States

Category Company
Founded 1948
Sector Energy Services and Equipment
DESCRIPTION

Deltide Energy Services LLC is a provider of specialty downhole tools, services and technologies for well abandonment, workovers and completions. Deltide has amassed extensive expertise over many decades in finding solutions to downhole challenges.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1