M&A Deal Summary

Gray Wireline Service Acquires Falcon Wireline

On February 28, 2007, Gray Wireline Service acquired energy services and equipment company Falcon Wireline

Acquisition Highlights
  • This is Gray Wireline Service’s 4th transaction in the Energy Services and Equipment sector.
  • This is Gray Wireline Service’s 3rd transaction in the United States.
  • This is Gray Wireline Service’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2007-02-28
Target Falcon Wireline
Sector Energy Services and Equipment
Buyer(s) Gray Wireline Service
Deal Type Add-on Acquisition

Target

Falcon Wireline

Woodward, Oklahoma, United States
Falcon Wireline LLC is a provider of cased-hole electric wireline engineering services.

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Buyer(S) 1

Buyer

Gray Wireline Service

Fort Worth, Texas, United States

Category Company
Founded 1983
Sector Energy Services and Equipment
DESCRIPTION

Gray Wireline Service LLC is a independent cased hole wireline company in the U.S. The company commands one of the youngest fleets in the industry with a total of 110 wireline units. Gray operates in 18 district locations providing the Company access to 85% of all active U.S. drilling rigs and generates a balanced revenue stream from liquids and gas.


DEAL STATS #
Overall 4 of 4
Sector: Energy Services and Equipment M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Oklahoma M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-25 Southern Wireline Service

Youngsville, Louisiana,

Southern Wireline Service, Inc. is a provider of cased-hole wireline services in the onshore and transition zone regions of the Gulf Coast and the offshore Gulf of Mexico.

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