M&A Deal Summary

Innovex Downhole Solutions Acquires Rubicon Oilfield International

On November 10, 2020, Innovex Downhole Solutions acquired energy services and equipment company Rubicon Oilfield International from Warburg Pincus

Acquisition Highlights
  • This is Innovex Downhole Solutions’ 5th transaction in the Energy Services and Equipment sector.
  • This is Innovex Downhole Solutions’ 5th transaction in the United States.
  • This is Innovex Downhole Solutions’ 5th transaction in Texas.

M&A Deal Summary

Date 2020-11-10
Target Rubicon Oilfield International
Sector Energy Services and Equipment
Buyer(s) Innovex Downhole Solutions
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition

Target

Rubicon Oilfield International

Houston, Texas, United States
Rubicon Oilfield International is an oilfield products and technical services company with operational headquarters in Houston, Texas.

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Buyer(S) 1

Buyer

Innovex Downhole Solutions

Houston, Texas, United States

Category Company
Founded 2016
Sector Energy Services and Equipment
DESCRIPTION

Innovex Downhole Solutions is a provider of innovative downhole products and technologies for the oil and gas industry. Innovex designs, manufactures, and installs a range of mission-critical well construction and well completion solutions for onshore and offshore operators in major producing regions worldwide. Innovex Downhole Solutions was founded in 2016 and is based in Houston, Texas.


DEAL STATS #
Overall 5 of 6
Sector (Energy Services and Equipment) 5 of 5
Type (Add-on Acquisition) 3 of 4
State (Texas) 5 of 6
Country (United States) 5 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 Quick Connectors

Houston, Texas, United States

Quick Connectors, Inc. is a provider of artificial lift wellhead systems with a focus on ESP wellhead and packer solutions. QCI offers a complete line of ESP hangers, ESP Adapters, surface penetrators and packer penetrators, flow assurance heater connections, continuous fluid level monitoring systems and production BOP solutions. Headquartered in Houston, Texas, QCI has service centers in West Texas, North Dakota, Oklahoma, Wyoming, and internationally in Muscat, Oman. Along with a global network of distributors around the world, QCI has positioned itself as the leading ESP accessories provider to the oil and gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Downhole Well Solutions

Spring, Texas, United States

Downhole Well Solutions is a provider of proprietary drilling optimization and friction reduction tools that are rented to operators in multiple US Land markets. Downhole Well Solutions was founded in 2019 and is based in Spring, Texas,

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 204 of 251
Sector (Energy Services and Equipment) 5 of 5
Type (Add-on Acquisition) 69 of 90
State (Texas) 19 of 25
Country (United States) 116 of 137
Year (2020) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-03 Sweeping of America

Cleveland, Ohio, United States

Sweeping Corporation of America is a power sweeping services company in the United States. SCA self-performs power sweeping for highways, streets, industrial and commercial applications for both private and government entities. Sweeping Corporation of America was formed in 1988 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Sotera Health

Broadview Heights, Ohio, United States

Sotera Health along with its business entities provides integrated protector of global health. With over 500 years of combined scientific expertise, the company ensures the safety of healthcare by providing mission-critical services to the medical device, pharmaceutical, tissue, and food industries. Sotera Health operates 61 facilities in 13 countries. The company has over 2,600 employees globally and touches the lives of more than 180 million people around the world each year. Sotera Health serves more than 5,000 customers worldwide, including 75 of the top 100 medical device manufacturers. Sotera Health was formed in 2015 and is based in Broadview Heights, Ohio.

Sell -