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M&A Deal Summary

American Securities Acquires Ulterra Drilling Technologies

On July 18, 2016, private equity firm American Securities acquired energy services and equipment company Ulterra Drilling Technologies from ESCO

Acquisition Highlights
  • This is American Securities’ 3rd transaction in the Energy Services and Equipment sector.
  • This is American Securities’ 51st transaction in the United States.
  • This is American Securities’ 5th transaction in Texas.
Investment Fate
  • Ulterra Drilling Technologies was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2016-07-18
Target Ulterra Drilling Technologies
Sector Energy Services and Equipment
Buyer(s) American Securities
Sellers(s) ESCO
Deal Type Divestiture

Target

Ulterra Drilling Technologies

Fort Worth, Texas, United States
Ulterra Drilling Technologies is a supplier of polycrystalline diamond compact drill bits to the oil and gas industry. Ulterra’s singular focus on PDC drilling technology allows it to deliver the highest level of customer service and customization to producers across a wide range of basins and geological formations, driving industry leading performance and durability. Ulterra Drilling Technologies was formed in 1927 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 52 of 81
Sector (Energy Services and Equipment) 3 of 3
Type (Divestiture) 1 of 4
State (Texas) 5 of 11
Country (United States) 51 of 80
Year (2016) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-11 Unison Site Management

New York, New York, United States

Unison Site Management LLC is a independent cell site company that specializes purchase of wireless antennae leases and cell ground tower leases from cell site owners.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 Chromaflo Technologies

Ashtabula, Ohio, United States

Chromaflo Technologies is a supplier of colorant systems, chemical and pigment dispersions, serving customers in architectural and industrial coatings as well as the thermoset composites market. Chromaflo Technologies was founded in 2012 and is based in Ashtabula, Ohio.

Buy -

Seller(S) 1

SELLER

ESCO

Portland, Oregon, United States
Category Company
Founded 1913
Sector Manufacturing
DESCRIPTION

ESCO Corp. is an independent developer and manufacturer of highly engineered wear parts and replacement products used in mining, infrastructure development, oil and gas, and industrial applications. We have focused on product innovation throughout our 100-year history. Our expertise in metallurgy, tribology (the science of wear), design engineering, manufacturing processes, and distribution are our core competencies.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-07 Turbine Technologies

Chetek, Wisconsin, United States

Turbine Technologies is a United States manufacturer of premier educational laboratory equipment. Our products offer engineering students unique learning opportunities via the manipulation and observation of thermal fluid systems.

Sell -
Mergr

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