M&A Deal Summary |
|
|---|---|
| Date | 2023-11-02 |
| Target | Variperm Energy Services |
| Sector | Energy Services and Equipment |
| Buyer(s) | Forum Energy Technologies |
| Sellers(s) | SCF Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 150M USD |
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| Category | Company |
|---|---|
| Founded | 2005 |
| Sector | Energy Services and Equipment |
| Employees | 1,600 |
| Revenue | 739M USD (2023) |
Forum Energy Technologies is a provider of manufactured technologies and applied products to the energy industry, serving the subsea, drilling, completion, production, and flow control segments. Forum Energy Technologies was founded in 2005 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 22 |
| Sector (Energy Services and Equipment) | 12 of 12 |
| Type (Add-on Acquisition) | 19 of 19 |
| State (Alberta) | 2 of 2 |
| Country (Canada) | 3 of 3 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-23 |
Ashtead Technology
Westhill, United Kingdom Ashtead Technology is a provider of subsea equipment and services to the offshore oil and gas industry with a strong customer base built on trust and quality. With offices in the UK, Houston, and Singapore, Ashtead is focused on delivering cost savings and value-added services to its customers. Ashtead Technology was founded in 1985 and is based in Westhill, United Kingdom. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 2.0B USD |
| Size | Large |
| Type | Sector Focused |
SCF Partners Ltd. is a specialist private equity firm that targets investments in energy service and equipment companies with operations around the world. SCF provides both equity capital and strategic guidance over the life of the investment which typically lasts five years. The Firm's target investment size is $10 to $100 million. SCF looks to grow portfolio companies through internal growth initiatives and through acquisitions. SCF Partners was formed in 1989 and is based in Houston, Texas, with additional offices in Aberdeen, Scotland and Calgary, Alberta.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 23 |
| Sector (Energy Services and Equipment) | 10 of 10 |
| Type (Add-on Acquisition) | 8 of 8 |
| State (Alberta) | 4 of 4 |
| Country (Canada) | 5 of 5 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-04-20 |
Tekmar Group
Darlington, United Kingdom Tekmar Group provides a range of engineering services and technologies to support and protect offshore wind farms, other offshore energy assets and marine infrastructure. Tekmar optimizes and de-risks projects, solves customer’s engineering challenges, improves safety and lowers project costs. The company's capabilities include geotechnical design and analysis, simulation and engineering analysis, bespoke equipment design and build, subsea protection technology and subsea stability technology. It has an extensive global reach with offices, manufacturing facilities, strategic supply partnerships, and representation in 18 locations across Europe, Africa, the Middle East, Asia Pacific, and North America. Tekmar Group was founded in 1985 and is based in Darlington, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-08 |
Camin Cargo
Pasadena, Texas, United States Camin Cargo is a third-party service provider of mission-critical inspection, testing, and fuel treatment services to the petroleum products industry. Camin Cargo’s 59 branches, located in 15 countries, are strategically located to serve multiple key ports, refineries, and other petroleum product transfer points throughout the United States, Canada, Latin America, and Western Europe. Camin Cargo was founded in 1982 and is based in Pasadena, Texas. |
Buy | - |
