M&A Deal Summary

Halliburton Acquires Summit ESP

On July 5, 2017, Halliburton acquired electrical equipment company Summit ESP

Acquisition Highlights
  • This is Halliburton’s 1st transaction in the Electrical Equipment sector.
  • This is Halliburton’s 16th transaction in the United States.
  • This is Halliburton’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2017-07-05
Target Summit ESP
Sector Electrical Equipment
Buyer(s) Halliburton
Deal Type Add-on Acquisition

Target

Summit ESP

Tulsa, Oklahoma, United States
Summit ESP LLC is an engineer, manufacturer, and services a complete product offering of electric submersible and surface pumping systems. Based in Tulsa, Okla., Summit has more than 500 employees in almost 30 locations across North America.

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Buyer(S) 1

Buyer

Halliburton

Houston, Texas, United States
Category Company
Founded 1919
Sector Energy Services and Equipment
Employees48,000
Revenue 23.0B USD (2023)
DESCRIPTION
Entrance to Halliburton's corporate headquarters in Houston, Texas.
Entrance to Halliburton's corporate headquarters in Houston, Texas.

Halliburton is a provider of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton was founded in 1919 and is based in Houston, Texas.

DEAL STATS #
Overall 20 of 21
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 16 of 16
State (Oklahoma) 1 of 1
Country (United States) 16 of 17
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-01 Ingrain

Houston, Texas, United States

Ingrain, Inc. is a provider of analysis of reservoir rocks for the oil and gas industry through the application of digital rock physics. Ingrain’s technology is capable of providing key reservoir rock properties including porosity, absolute permeability, electrical conductivity, elastic properties, and relative permeability by using very high resolution 3-D imaging capabilities and proprietary algorithms. Ingrain was founded in 2007 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 Envana

Houston, Texas, United States

Envana provides critical emissions management software-as-a-service (SaaS) solutions to track greenhouse gas emissions in the oil and gas industry and beyond. Envana is based in Houston, Texas.

Buy -
Mergr

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