M&A Deal Summary |
|
|---|---|
| Date | 2018-07-18 |
| Target | Dresser Utility Solutions |
| Sector | Energy Services and Equipment |
| Buyer(s) | First Reserve |
| Sellers(s) | Baker Hughes |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 32.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 100 of 109 |
| Sector (Energy Services and Equipment) | 32 of 33 |
| Type (Divestiture) | 7 of 9 |
| State (Texas) | 35 of 38 |
| Country (United States) | 66 of 73 |
| Year (2018) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-01 |
Texas American Resources
Austin, Texas, United States Texas American Resources Company is a privately held, independent oil & gas exploration & production company owns, manages, and operates producing and developable Eagle Ford and Austin Chalk assets in South Texas. As a multi-disciplined team specializing in geology, engineering, finance, and land, TARC uses a subsurface driven approach, utilizing the latest technology to maximize the recovery of hydrocarbons in an efficient and a responsible manner. Company headquartered in Austin, Texas and founded in 1990. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-06 |
Deep Gulf Energy
Houston, Texas, United States Deep Gulf Energy LP is a private, growth-orientated exploration and production company focused in the Deepwater GoM. Deep Gulf focuses onlow-risk exploration and development opportunities near existing infrastructure in oil prone areas that can be tied back to existing production facilities in a safe efficient manner. Deep Gulf Energy was established in 2005 and is based in Houston, Texas. |
Sell | $1.2B |
| Category | Company |
|---|---|
| Sector | Energy Services and Equipment |
| Employees | 57,000 |
| Revenue | 25.5B USD (2023) |
Baker Hughes is a provider of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company operates in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. Baker Hughes is headquartered in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 10 |
| Sector (Energy Services and Equipment) | 3 of 5 |
| Type (Divestiture) | 5 of 10 |
| State (Texas) | 3 of 6 |
| Country (United States) | 4 of 9 |
| Year (2018) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-08 |
Baker Hughes - AC Compressor & CONMEC Engineered Compressors Business
Houston, Texas, United States Baker Hughes - AC Compressor & CONMEC Engineered Compressors Business is a compressor and turbines manufacturer. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-22 |
Baker Hughes - Rotoflow Turboexpander Business
Houston, Texas, United States Baker Hughes - Rotoflow Turboexpander Business is a provider of an industrial gas and liquefied natural gas (LNG) turboexpander capabilities into growing hydrocarbon, petrochemical and energy segment. |
Sell | - |
