M&A Deal Summary

Dril-Quip Acquires TIW

On October 17, 2016, Dril-Quip acquired energy services and equipment company TIW for 143M USD

Acquisition Highlights
  • This is Dril-Quip’s 1st transaction in the Energy Services and Equipment sector.
  • This is Dril-Quip’s largest (disclosed) transaction.
  • This is Dril-Quip’s 1st transaction in the United States.
  • This is Dril-Quip’s 1st transaction in Texas.

M&A Deal Summary
Date 2016-10-17
Target TIW
Sector Energy Services and Equipment
Buyer(s) Dril-Quip
Deal Type Add-on Acquisition
Deal Value 143M USD
Advisor(s) PPHB (Financial)

Target

TIW

Houston, Texas, United States
TIW Corp. is a manufacturer of liner hanger systems, including expandable liner hangers, for both onshore and offshore applications. TIW's products also include kelly valves, safety valves and a comprehensive line of packers.

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Buyer(S) 1

Buyer

Dril-Quip

Houston, Texas, United States
Category Company
Founded 1981
Sector Oil/Gas Exploration
Employees1,356
Revenue 424M USD (2023)
DESCRIPTION

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 1 of 3
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
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
Mergr

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