M&A Deal Summary

Cactus Wellhead Acquires FlexSteel Pipeline Technologies

On January 3, 2023, Cactus Wellhead acquired manufacturer FlexSteel Pipeline Technologies for 621M USD

Acquisition Highlights
  • This is Cactus Wellhead’s 1st transaction in the Manufacturing sector.
  • This is Cactus Wellhead’s largest (disclosed) transaction.
  • This is Cactus Wellhead’s 1st transaction in the United States.
  • This is Cactus Wellhead’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-01-03
Target FlexSteel Pipeline Technologies
Sector Manufacturing
Buyer(s) Cactus Wellhead
Deal Type Add-on Acquisition
Deal Value 621M USD
Advisor(s) Morgan Stanley (Financial)
Vinson & Elkins (Legal)

Target

FlexSteel Pipeline Technologies

Houston, Texas, United States
FlexSteel Pipeline Technologies designs, manufactures, sells and installs highly engineered spoolable pipe technologies. FlexSteel Pipeline Technologies is based in Houston, Texas.

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Buyer(S) 1

Buyer

Cactus Wellhead

Houston, Texas, United States
Category Company
Founded 2011
Sector Energy Services and Equipment
Employees1,600
Revenue 1.1B USD (2023)
DESCRIPTION

Cactus Wellhead designs, manufactures, and sells surface wellheads and Christmas trees. In addition, the company maintains an inventory of frac trees and ancillary equipment for short-term rental, offers repair and refurbishment services, and provides service crews to assist in the implementation of pressure control systems at the wellhead. Cactus Wellhead was formed in 2011 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal