Add-on Acquisition • Energy Services and Equipment

Archer Acquires Great White Energy Services

On August 23, 2011, Archer acquired energy services and equipment company Great White Energy Services for 630M USD

Acquisition Context
  • This is Archer’s 1st transaction in the Energy Services and Equipment sector.
  • This is Archer’s largest (disclosed) transaction.
  • This is Archer’s 1st transaction in the United States.
  • This is Archer’s 1st transaction in Oklahoma.

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M&A Deal Summary

Date August 23, 2011
Target Great White Energy Services
Sector Energy Services and Equipment
Buyer(s) Archer
Deal Type Add-on Acquisition
Deal Value 630M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Akin Gump Strauss Hauer & Feld (Legal)

Target Company

Great White Energy Services

Oklahoma City, Oklahoma, United States
Great White Energy Services LLC is a provider for oilfield services.
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Buyer Overview 1

Buyer

Archer

Sandnes, Norway

Category Company
Founded 2007
Sector Energy Services and Equipment
Employees4,528
Revenue 1.3B EUR (2024)
DESCRIPTION

Archer is the well company, a global oilfield service company specializing in drilling services and well services. It employs over 7,000 people unified by a single purpose: building better wells to help its customers produce more oil and gas. Archer was founded in 2007 and is based in Sandnes, Norway.


Deal Context for Buyer #
Overall 1 of 5
Sector: Energy Services and Equipment 1 of 3
Type: Add-on Acquisition 1 of 5
State: Oklahoma 1 of 1
Country: United States 1 of 2
Year: 2011 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-22 Archer - Rental and Tubular

United States

Archer's Rental and Tubular divisions provide equipment and services to exploration and production operators across key U.S. land markets and the U.S. Gulf Of Mexico, in addition to both land and offshore markets in Mexico.

Sell $244M