M&A Deal Summary

Aveda Transportation and Energy Services Acquires Hodges Trucking Company

On May 25, 2015, Aveda Transportation and Energy Services acquired transportation company Hodges Trucking Company from Seventy Seven Energy

Acquisition Highlights
  • This is Aveda Transportation and Energy Services’ 3rd transaction in the Transportation sector.
  • This is Aveda Transportation and Energy Services’ 3rd transaction in the United States.
  • This is Aveda Transportation and Energy Services’ 1st transaction in Texas.

M&A Deal Summary

Date 2015-05-25
Target Hodges Trucking Company
Sector Transportation
Buyer(s) Aveda Transportation and Energy Services
Sellers(s) Seventy Seven Energy
Deal Type Divestiture

Target

Hodges Trucking Company

Alvarado, Texas, United States
Hodges Trucking Company LLC is operates and owns approximately 900 pieces of rig moving and heavy haul equipment, including approximately 200 haul trucks, 400 trailers, 70 bed/pole trucks, 35 cranes, 40 forklifts/loaders and 160 service vehicles.

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Buyer(S) 1

Buyer

Aveda Transportation and Energy Services

Calgary, Alberta, Canada

Category Company
Sector Transportation
Employees586
Revenue 156M USD (2017)
DESCRIPTION

Aveda Transportation and Energy Services, Inc. is a provider of oilfield hauling and rentals company serving customers’ rig moving, oilfield services, specialized transportation and oilfield rentals needs across North America.


DEAL STATS #
Overall 3 of 3
Sector: Transportation M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-24 M&K Hotshot & Trucking

Williston, North Dakota, United States

M&K Hotshot & Trucking, Inc. provides transportation services to oil and gas industry.

Buy -

Seller(S) 1

SELLER

Seventy Seven Energy

Oklahoma City, Oklahoma, United States

Category Company
Founded 2011
Sector Energy Services and Equipment
Employees5,000
Revenue 2.1B USD (2014)
DESCRIPTION

Seventy Seven Energy, Inc. is a provider of wellsite services and equipment to U.S. land-based exploration and production customers. Seventy Seven Energy was formed in 2011 and is based in Oklahoma City, Oklahoma.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-11 Hodges Trucking Company

Alvarado, Texas, United States

Hodges Trucking Company LLC is operates and owns approximately 900 pieces of rig moving and heavy haul equipment, including approximately 200 haul trucks, 400 trailers, 70 bed/pole trucks, 35 cranes, 40 forklifts/loaders and 160 service vehicles.

Buy -