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Add-on Acquisition • Business Services

Baker Hughes Acquires Gaffney Cline & Associates

On April 17, 2008, Baker Hughes acquired business services company Gaffney Cline & Associates

Acquisition Context
  • This is Baker Hughes’ 1st transaction in the Business Services sector.
  • This is Baker Hughes’ 5th transaction in the United States.
  • This is Baker Hughes’ 2nd transaction in Texas.

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M&A Deal Summary
Date April 17, 2008
Target Gaffney Cline & Associates
Sector Business Services
Buyer(s) Baker Hughes
Deal Type Add-on Acquisition

Target Company

Gaffney Cline & Associates

Houston, Texas, United States
Gaffney, Cline & Associates is an international advisory firm focused on providing integrated technical and managerial services to all sectors of the oil and gas industry. For more than 45 years GCA has provided strategic and detailed advice aimed at achieving practical and commercially viable results. In addition to reservoir engineering, GCA advises a wide group of clients in exploration, reservoir evaluation, field development, drilling and production, pipeline, refining and LNG projects throughout the world. GCA has principal offices in London, Houston, Moscow, Buenos Aires, Singapore and Sydney.
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Buyer Overview 1

Buyer

Baker Hughes

Houston, Texas, United States
Category Company
Sector Energy Services and Equipment
Employees57,000
Revenue 27.8B USD (2024)
DESCRIPTION

Baker Hughes is a provider of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company operates in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. Baker Hughes is headquartered in Houston, Texas.

Deal Context for Buyer #
Overall 8 of 23
Sector: Business Services 1 of 1
Type: Add-on Acquisition 7 of 18
State: Texas 2 of 7
Country: United States 5 of 13
Year: 2008 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-17 GeoMechanics International

Houston, Texas, United States

GeoMechanics International is a leader in consulting, training and software in the field of geomechanics and its application to oil and gas reservoirs. GMI was founded in 1996 by a team of experts from Stanford University's Department of Geophysics, and each of its consultants is a recognized leader in the field of geomechanics. GMI Chairman Mark D. Zoback, PhD is a noted authority in in-situ stress determination and geomechanics. GMI applies its expert knowledge during the entire field development process to reduce exploration risk, save Non Productive Time (NPT), and increase hydrocarbon recovery. Headquartered in Houston, GMI has branch offices in California, Germany, Australia, Dubai and Kuala Lumpur.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 Oilpump Services

Russia

Oilpump Services (OPS) is an electrical submersible pumping (ESP) system service company operating in Western Siberia.

Buy -

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