M&A Deal Summary

CRC Evans Acquires Stanley Black & Decker - Oil & Gas Business

On June 28, 2022, CRC Evans acquired energy services and equipment company Stanley Black & Decker - Oil & Gas Business from Stanley Black & Decker

Acquisition Highlights
  • This is CRC Evans’ 1st transaction in the Energy Services and Equipment sector.
  • This is CRC Evans’ 1st transaction in the United States.
  • This is CRC Evans’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2022-06-28
Target Stanley Black & Decker - Oil & Gas Business
Sector Energy Services and Equipment
Buyer(s) CRC Evans
Sellers(s) Stanley Black & Decker
Deal Type Divestiture

Target

Stanley Black & Decker - Oil & Gas Business

New Britain, Connecticut, United States
Stanley Black & Decker's Oil & Gas business encompasses pipeline services and equipment businesses including CRC-Evans Pipeline International, Pipeline Induction Heat Ltd., and STANLEY Inspection. Stanley Black & Decker's Oil & Gas business is based in New Britain, Connecticut.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

CRC Evans

Kintore, United Kingdom

Category Company
Founded 1936
Sector Energy Services and Equipment
DESCRIPTION

CRC Evans is a provider of high-end pipeline welding, field joint coating, and spool base services to the energy industry, from Heerema Marine Contractors (“HMC”). CRC Evans was founded in 1936 and is based in Kintore, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Stanley Black & Decker

New Britain, Connecticut, United States

Category Company
Founded 1843
Sector Diversified
Employees50,000
Revenue 15.8B USD (2023)
DESCRIPTION
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.

Stanley Black & Decker is a diversified global producer of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more. Stanley Black & Decker was founded in 1843 and is based in New Britain, Connecticut.


DEAL STATS #
Overall 9 of 9
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 9 of 9
State (Connecticut) 4 of 4
Country (United States) 7 of 7
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-22 Stanley Access Technologies

Farmington, Connecticut, United States

Stanley Access Technologies invented the automatic door and continues to lead the industry with state-of-the-art door solutions, a passion for innovation, and a low total cost of ownership. Today, the business manufactures, installs and services sliding, swinging, folding, transit/metro, and revolving door systems and an array of sensors, controls, and security options. Stanley Access Technologies is based in Farmington, Connecticut.

Sell $900M