Add-on Acquisition • Retail

Halliburton Acquires Professional Wireline Rentals

On December 31, 2010, Halliburton acquired retailer Professional Wireline Rentals

Acquisition Context
  • This is Halliburton’s 1st transaction in the Retail sector.
  • This is Halliburton’s 7th transaction in the United States.
  • This is Halliburton’s 2nd transaction in Louisiana.

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M&A Deal Summary

Date December 31, 2010
Target Professional Wireline Rentals
Sector Retail
Buyer(s) Halliburton
Deal Type Add-on Acquisition
Advisor(s) Simmons & Company (Financial)

Target Company

Professional Wireline Rentals

Broussard, Louisiana, United States
Professional Wireline Rentals LLC is a provider of highly specialized rental equipment and services to the oil and gas industry, with a particular focus on wireline pressure control equipment and frac stacks.
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Buyer Overview 1

Buyer

Halliburton

Houston, Texas, United States

Category Company
Founded 1919
Sector Energy Services and Equipment
Employees48,000
Revenue 22.9B USD (2024)
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 Context for Buyer #
Overall 10 of 21
Sector: Retail 1 of 1
Type: Add-on Acquisition 6 of 16
State: Louisiana 2 of 2
Country: United States 7 of 17
Year: 2010 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-17 Boots & Coots

Houston, Texas, United States

Boots & Coots, Inc. is a provider of integrated pressure control and related services to onshore and offshore oil and gas exploration and development companies worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-18 Ometric

Columbia, South Carolina, United States

Ometric Corporation designs, develops, and delivers manufacturing and process spectroscopy solutions.

Buy -