M&A Deal Summary |
|
|---|---|
| Date | 2024-10-23 |
| Target | IRISNDT Inspection & Engineering Services |
| Sector | Engineering |
| Buyer(s) | Apave |
| Sellers(s) | First Reserve |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Stifel, Nicolaus & Co., Inc. (Financial) Gray Reed (Legal) |
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| Category | Company |
|---|---|
| Founded | 1867 |
| Sector | Business Services |
| Revenue | 881M EUR (2019) |
Apave is an independent risk management company with 130 agencies in France, 170 training sites in France and abroad and 18 testing centres. The company services include inspection and technical support, civil engineering building, tests and measurement, and QSSE management. Apave has an international presence in over 45 countries. Nearly 500,000 customers already place their trust in Apave in France and abroad. Apave was founded in 1867 and is based in Courbevoie, France.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Engineering) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Alberta) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-04 |
Trainor
Tønsberg, Norway Trainor is an international professional service company providing consultancy technical training and qualified personnel worldwide. Its areas of expertise are electrical safety, automation, and processes within oil and gas. Trainor was formed in 1996 and is headquartered in Tønsberg, Norway, with offices in China, Singapore, Vietnam, South Korea, and Myanmar. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 32.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 57 of 58 |
| Sector (Engineering) | 2 of 2 |
| Type (Add-on Acquisition) | 19 of 20 |
| State (Alberta) | 4 of 5 |
| Country (Canada) | 5 of 6 |
| Year (2024) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-25 |
Intero
Tricht, Netherlands Intero is a global inspection and industrial services provider to the oil, gas, refining, and petrochemical industries. Intero provides technology-driven services to enhance the integrity and performance of critical midstream and downstream assets during their life cycle, particularly for the inspection of challenging high-angle and small-diameter pipeline infrastructure. Intero Integrity Services is based in Tricht, Netherlands. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-12-16 |
Lucero
Calgary, Alberta, Canada Lucero is an oil company engaged in the acquisition, development, and consolidation of interests in the North Dakota Bakken / Three Forks. Lucero was founded in 1994 and is based in Calgary, Alberta. |
Sell | $222M |
