M&A Deal Summary

Architect Equity Acquires Timec Oil & Gas

On December 1, 2021, private equity firm Architect Equity acquired oil/gas exploration company Timec Oil & Gas from Ferrovial SA

Acquisition Highlights
  • This is Architect Equity’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Architect Equity’s 6th transaction in the United States.
  • This is Architect Equity’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-12-01
Target Timec Oil & Gas
Sector Oil/Gas Exploration
Buyer(s) Architect Equity
Sellers(s) Ferrovial SA
Deal Type Divestiture

Target

Timec Oil & Gas

Pasadena, Texas, United States
Timec Oil & Gas provides the full spectrum of mechanical, specialty welding, high-temperature repair, and inspection (HRI), and upstream oil-field services through nested maintenance, turnaround, or construction services. Timec Oil & Gas was founded in 1971 and is based in Pasadena, Texas.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

DESCRIPTION

Architect Equity is a private equity firm focused on buyouts of mid-sized to large companies with revenues of $50 to $750 million. The Firm has a preference for North American businesses with sustainable competitive advantages, offering mission-critical products/services with recurring revenues in defensible markets. Prospective transaction situations include corporate divestitures, special situations, and privately-owned companies seeking a transition. Architect Equity was formed in 2017 and is based in El Segundo, California.


DEAL STATS #
Overall 6 of 6
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 4 of 4
State: Texas M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Mail Group

Elk Grove Village, Illinois, United States

Mail Group is a full-service mail delivery provider handling business-critical mail, packets, parcels, and publications from customers located throughout North America and elsewhere. With extensive postal resources, experienced staff, and a variety of in-house services, TMG provides creative, customized, cost-effective delivery solutions with personalized customer care. Mail Group was founded in 1981 and is based in Elk Grove Village, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Solution Net Systems

Quakertown, Pennsylvania, United States

Solution Net Systems is a global supplier of automated logistic systems and automated supply solutions. SNS develops industrial automation supply solutions of all sizes in industries including e-commerce, food, pharmaceutical, postal, retail, third-party logistics (3PL), and transportation and distribution. Solution Net Systems was formed in 1971 and is based in Quakertown, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Ferrovial SA

Madrid, Spain

Category Company
Founded 1952
Sector Construction
DESCRIPTION

Grupo Ferrovial, S.A. operates as a construction company in Spain.


DEAL STATS #
Overall 4 of 5
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 4 of 5
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 Broadspectrum Pty

North Sydney, Australia

Broadspectrum Pty Ltd. is a provider of essential services to critical community assets and infrastructure. The company's approach integrates a focus on optimizing performance, integrity, and output of clients’ businesses and assets to deliver real business outcomes safely and responsibly, with a diverse, collaborative and caring workforce. Broadspectrum was formed in 2001 and is based in North Sydney, Australia.

Sell AU$485M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Amey

London, United Kingdom

Amey is an infrastructure services and engineering company helping the economy to grow by designing, maintaining, and transforming the nation’s strategic assets. The company’s unique engineering and operations experience, together with data-driven insight from its consulting business, delivers better results for our clients. Amey is based in London, United Kingdom.

Sell -