M&A Deal Summary

Endurance Lift Solution Acquires CDI Oilfield Services SRL

On September 23, 2016, Endurance Lift Solution acquired energy services and equipment company CDI Oilfield Services SRL from John Crane Group

Acquisition Highlights
  • This is Endurance Lift Solution’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Endurance Lift Solution’s 1st transaction in Romania.

M&A Deal Summary

Date 2016-09-23
Target CDI Oilfield Services SRL
Sector Energy Services and Equipment
Buyer(s) Endurance Lift Solution
Sellers(s) John Crane Group
Deal Type Divestiture

Target

CDI Oilfield Services SRL

Ploiesti, Romania
CDI Oilfield Services SRL is a designer, installer, and repair of fiberglass and steel sucker rods and downhole rod pumps to onshore upstream oil and gas customers.

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Buyer(S) 1

Buyer

Endurance Lift Solution

Fort Worth, Texas, United States

Category Company
Founded 2014
Sector Energy Services and Equipment
DESCRIPTION

Endurance Lift Solution is a manufacturer, retailer, and distributor of parts and supplies for the oil and gas industry. Endurance Lift Solution was founded in 2014 and is based in Fort Worth, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Romania M&A 1 of 1
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-23 John Crane Production Solutions

Sugar Land, Texas, United States

John Crane Production Solutions, Inc. is a designer, installer, and repair of fiberglass and steel sucker rods and downhole rod pumps to onshore upstream oil and gas customers.

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Seller(S) 1

SELLER

John Crane Group

Morton Grove, Illinois, United States

Category Company
Founded 1917
Sector Machinery
Employees6,900
Revenue 905M GBP (2015)
DESCRIPTION

John Crane Group Corp. is a manufacturer of engineered sealing equipment.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Romania M&A 1 of 1
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-23 John Crane Production Solutions

Sugar Land, Texas, United States

John Crane Production Solutions, Inc. is a designer, installer, and repair of fiberglass and steel sucker rods and downhole rod pumps to onshore upstream oil and gas customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 Seebach

Vellmar, Germany

Seebach GmbH is a producer of filters and filter elements made of steel and stainless steel for national and international clients in the mining, chemical and process industries. Seebach GmbH was founded in 1970 and is based in Vellmar, Germany.

Buy -