M&A Deal Summary

Archer Acquires Romar-Abrado

On January 10, 2023, Archer acquired energy services and equipment company Romar-Abrado from EV Private Equity

Acquisition Highlights
  • This is Archer’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Archer’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2023-01-10
Target Romar-Abrado
Sector Energy Services and Equipment
Buyer(s) Archer
Sellers(s) EV Private Equity
Deal Type Add-on Acquisition

Target

Romar-Abrado

Aberdeenshire, United Kingdom
Romar-Abrado specializes in the provision of innovative, cost-effective technologies associated with magnetic separation, decontamination of drilling fluids, and spill prevention and containment. Romar-Abrado is based in Aberdeenshire, United Kingdom.

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Buyer(S) 1

Buyer

Archer

Sandnes, Norway

Category Company
Founded 2007
Sector Energy Services and Equipment
Employees4,928
Revenue 1.2B EUR (2023)
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 STATS #
Overall 2 of 5
Sector (Energy Services and Equipment) 2 of 3
Type (Add-on Acquisition) 2 of 5
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Vertikal

Volda, Norway

Vertikal is a Norwegian energy services company that provides inspection, installation, and maintenance services to energy customers in the MMO, drilling, offshore and onshore wind, and hydro segments. The company performs work using advanced industrial rope access techniques on complex structures such as offshore and onshore wind turbines, hydropower stations, and offshore oil and gas installations. Vertikal was formed in 2003 and is based in Volda, Norway

Buy -

Seller(S) 1

SELLER

EV Private Equity

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 1.0B NOK
Size Small
Type Sector Focused
DESCRIPTION

Energy Ventures is an independent venture capital firm that manages/advises four venture funds. It actively seeks early- to mid-stage investments in technology companies that deliver a marketable, proprietary product or service in the upstream oil and gas sector. Energy Ventures focuses on investments based in the North Sea area or North America with an international orientation. Established in 2002, Energy Ventures is based in Stavanger, Norway with additional offices in Aberdeen, UK, and Houston, Texas.


DEAL STATS #
Overall 29 of 32
Sector (Energy Services and Equipment) 19 of 20
Type (Add-on Acquisition) 20 of 23
Country (United Kingdom) 9 of 10
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-02 MorphPackers

Stafford, Texas, United States

MorphPackers is specialized in zonal isolation, frac, re-frac and production packers for the global oil and gas sector. MorphPackers is based in Stafford, Texas.

Sell -
FOLLOWING DEAL
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.

Sell -