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Add-on Acquisition • Energy Services and Equipment

Dril-Quip Acquires TIW

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

Acquisition Context
  • 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.

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M&A Deal Summary
Date October 17, 2016
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 Company

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 Overview 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 Context for Buyer #
Overall 1 of 3
Sector: Energy Services and Equipment 1 of 3
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

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