M&A Deal Summary |
|
|---|---|
| Date | 2018-04-26 |
| Target | Premium Oilfield Services - Premium Rental Tools |
| Sector | Manufacturing |
| Buyer(s) | Drilling Tools |
| Sellers(s) | Premium Oilfield Services |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1984 |
| Sector | Manufacturing |
| Employees | 447 |
| Revenue | 154M USD (2024) |
Drilling Tools is a provider of rents tools to major oilfield services companies, directional drilling companies, and exploration and production companies for bottom hole assemblies and tubular goods used in onshore and offshore horizontal and directional drilling. Drilling Tools was founded in 1984 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 7 |
| Sector: Manufacturing M&A | 1 of 2 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Texas M&A | 1 of 2 |
| Country: United States M&A | 1 of 4 |
| Year: 2018 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-08 |
RIK
Casper, Wyoming, United States RIK, Inc. is a provider of rents downhole drilling tools to directional drilling companies in the U.S. RIK serves customers in the Permian, Denver, Julesburg, Powder River, Piceance, Green River, and Williston basins. RIK is based in Casper, Wyoming. |
Buy | - |
| Category | Company |
|---|---|
| Sector | Energy Services and Equipment |
Premium Oilfield Services is an independent oilfield service company dedicated to providing its customers with the best service in the industry. Its services include Fishing Services, Wireline Services, Whipstock Services, and Thru Tubing Services. Premium Oilfield Services is based in New Iberia, Louisiana.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Manufacturing M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Texas M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2018 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-15 |
Cutter Drilling Systems
Odessa, Texas, United States Cutter Drilling Systems, LLC (“Cutter”), a custom fabricator and rental provider of rotating control devices used in oil and gas drilling operations. |
Buy | - |
