M&A Deal Summary

Cameron Acquires ICI Artificial Lift

On December 1, 2012, Cameron acquired machinery company ICI Artificial Lift

Acquisition Highlights
  • This is Cameron’s 3rd transaction in the Machinery sector.
  • This is Cameron’s 1st transaction in Canada.
  • This is Cameron’s 1st transaction in Alberta.

M&A Deal Summary

Date 2012-12-01
Target ICI Artificial Lift
Sector Machinery
Buyer(s) Cameron
Deal Type Add-on Acquisition
Advisor(s) Sequeira Partners (Financial)

Target

ICI Artificial Lift

Edmonton, Alberta, Canada
ICI Artificial Lift is an Edmonton based company that designs, manufactures, services and sells its patented line of Hydraulic Pumping Units for artificial lift.

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Buyer(S) 1

Buyer

Cameron

Houston, Texas, United States

Category Company
Founded 1833
Sector Energy Services and Equipment
Revenue 10.4B USD (2014)
DESCRIPTION
Cameron office in Houston, Texas.
Cameron office in Houston, Texas.

Cameron is a global provider of pressure control, flow equipment, and processing systems for the oil, gas, and industrial sectors. Originally founded as Cameron Iron Works the firm has built a reputation for its wellhead systems, blowout preventers, valves, and processing equipment. Cameron was formed in 1833 and is based in Houston, Texas.


DEAL STATS #
Overall 12 of 14
Sector: Machinery M&A 3 of 3
Type: Add-on Acquisition M&A Deals 9 of 10
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 TTS Energy Division

Norway

TTS Energy Division delivers high performance drilling equipment, rig packages and rig solutions for both the jack-up and onshore rigs to the international energy industry. TTS Energy products include drilling rig control systems, top drives, traveling blocks, automated pipe handling, iron rough necks, drawworks, derrick structures, drill floor tools, fingerboards, BOP handling equipment, deadline anchors, and drill line spoolers.

Buy $270M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-24 OneSubsea

Houston, Texas, United States

OneSubsea delivers integrated solutions, products, systems and services for the subsea oil and gas market. Our company offers a step change in reservoir recovery for the subsea oil and gas industry through integration and optimization of the entire production system over the life of the field.

Buy -