M&A Deal Summary

BJ Services Co. Acquires Allied Oil & Gas Services

On January 1, 2017, BJ Services Co. acquired oil/gas exploration company Allied Oil & Gas Services from Amberjack Capital Partners

Acquisition Highlights
  • This is BJ Services Co.’s 1st transaction in the Oil/Gas Exploration sector.
  • This is BJ Services Co.’s 1st transaction in the United States.
  • This is BJ Services Co.’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-01-01
Target Allied Oil & Gas Services
Sector Oil/Gas Exploration
Buyer(s) BJ Services Co.
Sellers(s) Amberjack Capital Partners
Deal Type Add-on Acquisition

Target

Allied Oil & Gas Services

Southlake, Texas, United States
Allied Oil & Gas Services provides cementing and acidizing services, as well as a wide range of float equipment and related products. Allied Oil & Gas Services was founded in 1967 and is based in Southlake, Texas.

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Buyer(S) 1

Buyer

BJ Services Co.

Houston, Texas, United States

Category Company
Founded 1872
Sector Energy Services and Equipment
DESCRIPTION

BJ Services Company is a provider of pressure pumping, well completion, production enhancement and pipeline services to the petroleum industry.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Amberjack Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Amberjack Capital Partners is a specialist private equity firm focused on control investments in the upstream energy sector, including oilfield service and manufacturing companies. Specific segments of interest include downhole tools, drill bits and associated drilling technologies, drilling and completion fluids, drilling motor technology, enhanced oil recovery services, mud logging and related technical services, pressure control (land and subsea), subsea components, technology and equipment, managed pressure drilling, wireline services and related tools, completion products and services, differentiated equipment rental companies, and artificial lifts. The Firm targets businesses with $4 to $20 million of EBITDA and can complete transactions valued up to $175 million. Amberjack Capital Partners was formed in 2006 and is based in Cambridge, Massachusetts and has offices in Houston, Texas.


DEAL STATS #
Overall 8 of 16
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Add-on Acquisition M&A Deals 4 of 7
State: Texas M&A 7 of 14
Country: United States M&A 7 of 15
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 TEAM Oil Tools

The Woodlands, Texas, United States

TEAM Oil Tools LP is a designer, manufacturer and installer of completions products for the oil and gas sector. Team’s core products include ORIO toe valves, liner hangers, packers, composite frac plugs, swellable packers and patented cemented sleeves for hydraulic fracturing applications. The company is headquartered in The Woodlands, Texas and has manufacturing operations in Conroe, Texas. Team has 9 service centers located across the U.S., including in the Permian Basin, South Texas, Williston Basin, Mid Continent, Appalachia and ArkLaTex regions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-27 Pro Oil & Gas Services

Houston, Texas, United States

Pro Oil & Gas Services LLC is an oilfield services company providing wireline, pumping services, flowback, frac stacks, wireline lubricators and pressure control, surface drilling, solids control, chemical mixing plants and torque and test services. Pro Oil & Gas Services was established in 2011 and is based in Houston, Texas.

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