M&A Deal Summary

Flotek Acquires SiteLark

On April 15, 2014, Flotek acquired engineering company SiteLark for 600K USD

Acquisition Highlights
  • This is Flotek’s 1st transaction in the Engineering sector.
  • This is Flotek’s 7th largest (disclosed) transaction.
  • This is Flotek’s 5th transaction in the United States.
  • This is Flotek’s 3rd transaction in Texas.

M&A Deal Summary

Date 2014-04-15
Target SiteLark
Sector Engineering
Buyer(s) Flotek
Deal Type Add-on Acquisition
Deal Value 600K USD

Target

SiteLark

Dallas, Texas, United States
SiteLark is a provider of engineering services for Enhanced Oil Recovery projects and serves as a provider of in-depth modelling and evaluation services for Eclipse IOR Services, or EOGA.

Search 214,744 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Flotek

Houston, Texas, United States

Category Company
Founded 1985
Sector Energy Services and Equipment
Employees142
Revenue 187M USD (2024)
DESCRIPTION

Flotek is a diversified global supplier of drilling and production products and services to the energy and mining industries. Flotek Industries was founded in 1985 and is based in Houston, Texas.


DEAL STATS #
Overall 5 of 10
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 8
State: Texas M&A 3 of 7
Country: United States M&A 5 of 10
Year: 2014 M&A 1 of 1
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-29 Eclipse IOR Services

Keller, Texas, United States

Eclipse is a provider of enhanced recovery technologies for oil and natural gas producers. Eclipse offers enhanced oil recovery technologies and services including water control polymers for producing wells, sweep improvement (polymer gel) technology for waterfloods and CO2 floods, mobility control polymer flooding, injectivity improvement for waterfloods, permanent clay stabilization, and alkaline-surfactant processes for waterfloods as well as a wide-range of consulting services to its clients in North America and internationally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-28 International Artificial Lift

Boyd, Texas, United States

International Artificial Lift is a developmental-stage company that specializes in the design, manufacturing and service of next-generation Hydraulic Pumping Units (“HPU”) that serve to increase and maximize production for oil and natural gas wells.

Buy $2M