M&A Deal Summary

Big Lake Services Acquires Beckman Production Services

On September 10, 2014, Big Lake Services acquired energy services and equipment company Beckman Production Services from SCF Partners

Acquisition Highlights
  • This is Big Lake Services’ 1st transaction in the Energy Services and Equipment sector.
  • This is Big Lake Services’ 1st transaction in the United States.
  • This is Big Lake Services’ 1st transaction in Michigan.

M&A Deal Summary
Date 2014-09-10
Target Beckman Production Services
Sector Energy Services and Equipment
Buyer(s) Big Lake Services
Sellers(s) SCF Partners
Deal Type Add-on Acquisition

Target

Beckman Production Services

Kalkaska, Michigan, United States
Beckman Production Services, Inc. is a well servicing company that operates completion and workover rigs, swabbing units, hot oilers, high pressure pump trucks, anchor setting trucks, wireline units, vacuum trucks, crude oil trucks and tankers licensed to haul non-hazardous liquid waste and crude oil.

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Buyer(S) 1

Buyer

Big Lake Services

Midland, Texas, United States
Category Company
Founded 2006
Sector Energy Services and Equipment
DESCRIPTION

Big Lake Services operates a fleet of workover rigs in the well servicing segment of the oilfield industry. Based in Midland and Big Lake, Texas, BLS operates in oil and gas fields in west Texas and southern New Mexico.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

SCF Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

SCF Partners Ltd. is a specialist private equity firm that targets investments in energy service and equipment companies with operations around the world. SCF provides both equity capital and strategic guidance over the life of the investment which typically lasts five years. The Firm's target investment size is $10 to $100 million. SCF looks to grow portfolio companies through internal growth initiatives and through acquisitions. SCF Partners was formed in 1989 and is based in Houston, Texas, with additional offices in Aberdeen, Scotland and Calgary, Alberta.

DEAL STATS #
Overall 18 of 23
Sector (Energy Services and Equipment) 7 of 10
Type (Add-on Acquisition) 6 of 8
State (Michigan) 1 of 1
Country (United States) 12 of 14
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 Variperm Energy Services

Calgary, Alberta, Canada

Variperm Energy Services is a sand control products and services company specializing in custom filtration screens, flow control technology, gravel pack services, supply of quality cased hole fishing tools and services, well abandonment solutions, and a full suite of completion and work-over tools. Variperm Energy Services was founded in 1969 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-25 Shelf Subsea

Osborne Park, Australia

Shelf Subsea is a commercial diving, engineering, project management, and marine support & logistics company, specializing in air and saturation diving operations primarily for the Oil & Gas and Marine Construction industries. Shelf Subsea is based in Osborne Park, Australia.

Buy -
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