M&A Deal Summary

IronGate Energy Services Acquires Archer - Rental and Tubular

On May 22, 2013, IronGate Energy Services acquired energy services and equipment company Archer - Rental and Tubular from Archer for 244M USD

Acquisition Highlights
  • This is IronGate Energy Services’ 1st transaction in the Energy Services and Equipment sector.
  • This is IronGate Energy Services’ largest (disclosed) transaction.
  • This is IronGate Energy Services’ 1st transaction in the United States.

M&A Deal Summary
Date 2013-05-22
Target Archer - Rental and Tubular
Sector Energy Services and Equipment
Buyer(s) IronGate Energy Services
Sellers(s) Archer
Deal Type Divestiture
Deal Value 244M USD

Target

Archer - Rental and Tubular

United States
Archer's Rental and Tubular divisions provide equipment and services to exploration and production operators across key U.S. land markets and the U.S. Gulf Of Mexico, in addition to both land and offshore markets in Mexico.

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Buyer(S) 1

Buyer

IronGate Energy Services

Houston, Texas, United States
Category Company
Sector Business Services
DESCRIPTION

IronGate Energy Services is a provider of rental and tubular services to the oil and natural gas exploration and production operators in North America.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-15 Sun Tubular Services

Andrews, Texas, United States

Sun Tubular Services, a provider of rental services to exploration and production operators in the Permian Basin.

Buy -

Seller(S) 1

SELLER

Archer

Hamilton, Bermuda
Category Company
Founded 2007
Sector Energy Services and Equipment
Employees4,500
Revenue 824M EUR (2020)
DESCRIPTION

Archer is the well company, a global oilfield service company specializing in drilling services and well services. It employs over 7,000 people unified by a single purpose: building better wells to help its customers produce more oil and gas. Archer was founded in 2007 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-23 Great White Energy Services

Oklahoma City, Oklahoma, United States

Great White Energy Services LLC is a provider for oilfield services.

Buy $630M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 Romar-Abrado

Aberdeenshire, United Kingdom

Romar-Abrado specializes in the provision of innovative, cost-effective technologies associated with magnetic separation, decontamination of drilling fluids, and spill prevention and containment. Romar-Abrado is based in Aberdeenshire, United Kingdom.

Buy -
Mergr

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