Investment Summary |
|
|---|---|
| Date | 2008-08-18 |
| Target | International Logging |
| Sector | Business Services |
| Investor(s) | Weatherford |
| Sellers(s) |
The Carlyle Group
Riverstone Holdings Cherington Capital |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Lehman Brothers (Financial) |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1972 |
| Sector | Energy Services and Equipment |
| Employees | 19,000 |
| Revenue | 5.5B USD (2024) |
Weatherford is a diversified international energy service and manufacturing company that provides a variety of services and equipment to the exploration, production, and transmission sectors of the oil and gas industry. The Company operates in virtually every oil and gas exploration and production region in the world and divides its business into two separate segments: Drilling Services and Production Systems. Weatherford was formed in 1972 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 16 |
| Sector: Business Services M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 7 of 16 |
| State: Texas M&A | 3 of 8 |
| Country: United States M&A | 5 of 12 |
| Year: 2008 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-02-28 |
V-Tech AS
Kristiansand, Norway V-Tech AS is a provider of innovative products and services to connect and disconnect drill pipe, casing, and production tubing used in oil and gas production and drilling. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-03-03 |
OilTracers
Dallas, Texas, United States OilTracers is a data interpretation service offered by Weatherford Laboratories in which data are interpreted by earth science experts that specialize in integration of geochemical, geological, and engineering data to solve various exploration, development, and production problems. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 435.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 121 of 488 |
| Sector: Business Services M&A | 6 of 22 |
| Type: Add-on Acquisition M&A Deals | 63 of 202 |
| State: Texas M&A | 13 of 38 |
| Country: United States M&A | 81 of 261 |
| Year: 2008 M&A | 11 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-08-14 |
USBX
Santa Monica, California, United States USBX, Inc. provided M&A advisory services to small- and medium-sized businesses. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-09-25 |
Secure Elements
Herndon, Virginia, United States Secure Elements, Inc. is a developer of vulnerability management software that automates security remediation strategies and tactics for network security. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 40.0B USD |
| Size | Mega |
| Type | Sector Focused |
Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 61 |
| Sector: Business Services M&A | 1 of 2 |
| Type: Add-on Acquisition M&A Deals | 3 of 32 |
| State: Texas M&A | 4 of 27 |
| Country: United States M&A | 8 of 45 |
| Year: 2008 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-08-01 |
ReEnergy Holdings
Albany, New York, United States ReEnergy Holdings owns and operates facilities that use forest-derived woody biomass and other wood waste residues to produce homegrown, renewable energy. It also owns facilities that recycle construction and demolition material. ReEnergy Holdings was founded in 2008 and is based in Albany, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-08-19 |
Titan Operating
Fort Worth, Texas, United States Titan Operating LLC acquires, develops and explores unconventional natural gas resources in the Barnett Shale play in the United States. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Size | Small |
| Type | Sector Agnostic |
Cherington Capital is a generalist private equity investment firm focused on recapitalizations and leveraged buyouts of lower middle-market companies. Cherington prefers to partner with management when making investments. The Firm generally looks for businesses valued from $10 to $70 million with trailing EBIT of $2.5 to $15 million. Cherington Capital is based in Cambridge, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector: Business Services M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 2 |
| State: Texas M&A | 1 of 2 |
| Country: United States M&A | 1 of 2 |
| Year: 2008 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-03-13 |
International Logging
Houston, Texas, United States International Logging, Inc. is a provider of well site geological logging services for the exploration and development of oil and gas wells. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-14 |
Ulterra Drilling Technologies
Fort Worth, Texas, United States Ulterra Drilling Technologies is a supplier of polycrystalline diamond compact drill bits to the oil and gas industry. Ulterra’s singular focus on PDC drilling technology allows it to deliver the highest level of customer service and customization to producers across a wide range of basins and geological formations, driving industry leading performance and durability. Ulterra Drilling Technologies was formed in 1927 and is based in Fort Worth, Texas. |
Sell | $325M |
