M&A Deal Summary

Amberjack Capital Partners Acquires Innovex Downhole Solutions

On November 1, 2016, private equity firm Amberjack Capital Partners acquired energy services and equipment company Innovex Downhole Solutions

Acquisition Highlights
  • This is Amberjack Capital Partners’ 18th transaction in the Energy Services and Equipment sector.
  • This is Amberjack Capital Partners’ 19th transaction in the United States.
  • This is Amberjack Capital Partners’ 15th transaction in Texas.

M&A Deal Summary
Date 2016-11-01
Target Innovex Downhole Solutions
Sector Energy Services and Equipment
Buyer(s) Amberjack Capital Partners
Deal Type Consolidation

Target

Innovex Downhole Solutions

Houston, Texas, United States
Innovex Downhole Solutions is a provider of innovative downhole products and technologies for the oil and gas industry. Innovex designs, manufactures, and installs a range of mission-critical well construction and well completion solutions for onshore and offshore operators in major producing regions worldwide. Innovex Downhole Solutions was founded in 2016 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Amberjack Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Amberjack Capital Partners is a specialist private equity firm focused on control investments in the upstream energy sector, including oilfield service and manufacturing companies. Specific segments of interest include downhole tools, drill bits and associated drilling technologies, drilling and completion fluids, drilling motor technology, enhanced oil recovery services, mud logging and related technical services, pressure control (land and subsea), subsea components, technology and equipment, managed pressure drilling, wireline services and related tools, completion products and services, differentiated equipment rental companies, and artificial lifts. The Firm targets businesses with $4 to $20 million of EBITDA and can complete transactions valued up to $175 million. Amberjack Capital Partners was formed in 2006 and is based in Cambridge, Massachusetts and has offices in Houston, Texas.

DEAL STATS #
Overall 23 of 27
Sector (Energy Services and Equipment) 18 of 19
Type (Consolidation) 2 of 2
State (Texas) 15 of 18
Country (United States) 19 of 23
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 TEAM Oil Tools

The Woodlands, Texas, United States

TEAM Oil Tools LP is a designer, manufacturer and installer of completions products for the oil and gas sector. Team’s core products include ORIO toe valves, liner hangers, packers, composite frac plugs, swellable packers and patented cemented sleeves for hydraulic fracturing applications. The company is headquartered in The Woodlands, Texas and has manufacturing operations in Conroe, Texas. Team has 9 service centers located across the U.S., including in the Permian Basin, South Texas, Williston Basin, Mid Continent, Appalachia and ArkLaTex regions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Allied Oil & Gas Services

Southlake, Texas, United States

Allied Oil & Gas Services provides cementing and acidizing services, as well as a wide range of float equipment and related products. Allied Oil & Gas Services was founded in 1967 and is based in Southlake, Texas.

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