M&A Deal Summary |
|
|---|---|
| Date | 2023-07-31 |
| Target | Great North |
| Sector | Energy Services and Equipment |
| Buyer(s) | Dril-Quip |
| Sellers(s) | Industrial Growth Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 80M USD |
| Advisor(s) | RBC Capital Markets (Financial) Stikeman Elliott (Legal) |
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| Category | Company |
|---|---|
| Founded | 1981 |
| Sector | Oil/Gas Exploration |
| Employees | 1,356 |
| Revenue | 424M USD (2023) |
Dril-Quip designs, manufactures and sells drilling and production hardware and a wide variety of capital rig equipment for use by oil and gas companies. Dril-Quip's extensive product offering is well suited for use in deepwater, harsh environments and severe service applications. Dril-Quip was incorporated in 1981 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Energy Services and Equipment) | 3 of 3 |
| Type (Add-on Acquisition) | 3 of 3 |
| State (Alberta) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-06 |
The Technologies Alliance
Houstan, Texas, United States The Technologies Alliance, Inc. (dba OilPatch Technologies) is a provider of offshore riser systems and components, proprietary threaded connections and other products, with a focus on deepwater Spar and TLP Systems. |
Buy | $20M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 3.4B USD |
| Size | Large |
| Type | Sector Focused |
Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 34 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Add-on Acquisition) | 15 of 18 |
| State (Alberta) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2023) | 2 of 4 |
| Size (of disclosed) | 11 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-18 |
Process Insights
Houston, Texas, United States Process Insights focus on process monitoring, analytics, control, and safety applications around the globe. The company's premium brands are used across a wide range of applications and end markets to ensure safe operations, increase product quality, and attain increasingly higher levels of efficiency and throughput in process industries. Sensors, monitors, detectors, analyzers, instrumentation, and software used in these applications are mission-critical to continually improve quality, reduce disruptions, downtime, and lost productivity, all while managing increasing regulatory complexity and operating cost in industrial processes. Process Insights was formed in 2017 and is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-05 |
Des-Case
Goodlettsville, Tennessee, United States Des-Case is a manufacturer of contamination control products and services for industrial lubricants. Its breathers, specialty filtration products, custom fluid handling equipment and consulting and educational services have helped companies around the world improve their equipment reliability by reducing equipment maintenance costs and downtime. Des-Case was founded in 1983 and is based in Goodlettsville, Tennessee. |
Sell | - |
