M&A Deal Summary

Falcon Drilling Acquires J-U Rig 200 Partnership 1993

On January 1, 1994, Falcon Drilling acquired oil/gas exploration company J-U Rig 200 Partnership 1993 from Northwood Ventures

Acquisition Highlights
  • This is Falcon Drilling’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Falcon Drilling’s 1st transaction in the United States.
  • This is Falcon Drilling’s 1st transaction in Texas.

M&A Deal Summary
Date 1994-01-01
Target J-U Rig 200 Partnership 1993
Sector Oil/Gas Exploration
Buyer(s) Falcon Drilling
Sellers(s) Northwood Ventures
Deal Type Add-on Acquisition

Target

J-U Rig 200 Partnership 1993

Dallas, Texas, United States
J-U Rig 200 Partnership 1993, L.P. is formed to acquire a group of jack-up oil drilling rigs operated by the Huthnance Division of W.R. Grace & Co. in the Gulf of Mexico.

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Buyer(S) 1

Buyer

Falcon Drilling

Indiana, Pennsylvania, United States
Category Company
Founded 2001
Sector Energy Services and Equipment
DESCRIPTION

Falcon Drilling Company, LLC is a private company categorized under Oil and Gas Producers and located in Indiana, PA. Our records show it was established in 2001 and incorporated in Pennsylvania. Current estimates show this company has an annual revenue of 15,800,000 and employs a staff of approximately 170.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (1994) 1 of 1

Seller(S) 1

SELLER

Northwood Ventures

Syosset, New York, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Northwood Ventures is a private investment firm that invests at all stages of company development, including venture, buyout, consolidation, growth, recapitalization, and turnaround situations. Northwood prefers opportunities located within the US and will consider both minority and control situations. Northwood's typical investment ranges from $5 to $15 million. Target sectors include telecommunications, manufacturing, retailing/consumer, financial services, and service-oriented business industries. Northwood Ventures was formed in 1983 and is based in Syosset, New York.

DEAL STATS #
Overall 4 of 52
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 3 of 21
State (Texas) 1 of 1
Country (United States) 4 of 48
Year (1994) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 New Dartmouth Bank

Manchester, New Hampshire, United States

New Dartmouth Bank, Inc., is a provider of financial services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 MECC

Cincinnati, Ohio, United States

MECC, Inc., offers a full range of insurance products and services.

Sell -
Mergr

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