Divestiture • Software

CARBO Ceramics Acquires FracproPT Software

On June 14, 2010, CARBO Ceramics acquired software company FracproPT Software from Gas Technology Institute

Acquisition Context
  • This is CARBO Ceramics’ 1st transaction in the Software sector.
  • This is CARBO Ceramics’ 2nd transaction in the United States.

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M&A Deal Summary

Date June 14, 2010
Target FracproPT Software
Sector Software
Buyer(s) CARBO Ceramics
Sellers(s) Gas Technology Institute
Deal Type Divestiture

Target Company

FracproPT Software

United States
FracproPT Software is a fracture design modeling software. It is used to design and optimize hydraulic stimulation operations, thereby increasing well production.
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Buyer Overview 1

Buyer

CARBO Ceramics

Houston, Texas, United States

Category Company
Founded 1987
Sector Energy Services and Equipment
Employees407
Revenue 211M USD (2018)
DESCRIPTION

CARBO Ceramics is an oilfield services technology company that provides industry-leading production enhancement and environmental services solutions. By integrating technologies and intellectual capital to design, build and optimize fractures, CARBO delivers complete production enhancement solutions to help oilfield service companies and E&P clients increase the production of oil and natural gas wells and achieve higher ultimate recovery rates. The Company also provides high-performance spill prevention and containment solutions that are engineered to protect the client’s entire wellsite as well as the environment. CARBO Ceramics was established in 1987 and is headquartered in Houston, Texas.


Deal Context for Buyer #
Overall 2 of 2
Sector: Software 1 of 1
Type: Divestiture 1 of 1
Country: United States 2 of 2
Year: 2010 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-28 Pinnacle Technologies

San Francisco, California, United States

Pinnacle Technologies, Inc. is a provider of unique integration of microseismic, tiltmeter, and fiber optic technologies to maximize completion efficiency and production economics.

Sell -

Seller Profile 1

SELLER

Gas Technology Institute

Des Plaines, Illinois, United States

Category Company
Founded 2000
Sector Business Services
DESCRIPTION

Gas Technology Institute is a research, development and training organization addressing energy and environmental challenges to enable a secure, abundant, and affordable energy future.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2010 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-27 Frontier Associates

Austin, Texas, United States

Frontier Associates LLC is a provider of an energy efficiency program support, engineering and technical consulting, market research, and software solutions to utilities nationwide.

Buy -

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