M&A Deal Summary

IronGate Energy Services Acquires Sun Tubular Services

On October 15, 2014, IronGate Energy Services acquired energy services and equipment company Sun Tubular Services

Acquisition Highlights
  • This is IronGate Energy Services’ 2nd transaction in the Energy Services and Equipment sector.
  • This is IronGate Energy Services’ 2nd transaction in the United States.
  • This is IronGate Energy Services’ 1st transaction in Texas.

M&A Deal Summary

Date 2014-10-15
Target Sun Tubular Services
Sector Energy Services and Equipment
Buyer(s) IronGate Energy Services
Deal Type Add-on Acquisition
Advisor(s) Romanchuk & Co. (Financial)

Target

Sun Tubular Services

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

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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 2 of 2
Sector: Energy Services and Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-22 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.

Buy $244M