M&A Deal Summary

John Wood Group Acquires Mitchell s Oil Field Service

On October 11, 2012, John Wood Group acquired energy services and equipment company Mitchell s Oil Field Service from Stone Arch Capital

Acquisition Highlights
  • This is John Wood Group’s 2nd transaction in the Energy Services and Equipment sector.
  • This is John Wood Group’s 2nd transaction in the United States.
  • This is John Wood Group’s 1st transaction in Montana.

M&A Deal Summary

Date 2012-10-11
Target Mitchell s Oil Field Service
Sector Energy Services and Equipment
Buyer(s) John Wood Group
Sellers(s) Stone Arch Capital
Deal Type Add-on Acquisition
Advisor(s) Lazard Middle Market (Financial)

Target

Mitchell s Oil Field Service

Sidney, Montana, United States
Mitchell's Oil Field Service, Inc. is an oil field services provider to major and independent oil producers.

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Buyer(S) 1

Buyer

John Wood Group

Aberdeen, United Kingdom

Category Company
Founded 1912
Sector Energy Services and Equipment
Employees35,319
Revenue 5.9B USD (2023)
DESCRIPTION

John Wood Group is a provider of engineering, production support, maintenance management, and industrial gas turbine overhaul & repair services to the oil & gas and power generation industries worldwide. Our services are all-encompassing, supporting the full lifecycle of oil & gas and power generation facilities. John Wood Group was founded in 1912 and is based in Aberdeen, Scotland.


DEAL STATS #
Overall 3 of 20
Sector (Energy Services and Equipment) 2 of 4
Type (Add-on Acquisition) 3 of 18
State (Montana) 1 of 1
Country (United States) 2 of 10
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-03 Duval

Houston, Texas, United States

Duval is a provider of maintenance, installation and fabrication services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-22 Intetech

Chester, United Kingdom

Intetech Ltd. is a niche provider of software and engineering consultancy services for well integrity and corrosion management to the global oil & gas market.

Buy -

Seller(S) 1

SELLER

Stone Arch Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 259M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stone Arch Capital is a private equity firm focused on lower middle market companies operating in the Midwest US. The firm pursues established companies valued from $25 to $125 million with EBITDA between $5 and $30 million. Target companies generally have 'protectable market positions', strong management in place, diverse customer bases, and 'predictable capital intensity'. Stone Arch will consider opportunities in a wide variety of manufacturing and service industries, excluding real estate, technology, and commodity industries. Typical equity investment range between $10 and $25 million. Stone Arch Capital was formed in 2003 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 4 of 13
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Montana) 1 of 1
Country (United States) 4 of 12
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-03 Wholesale Produce Supply

Minneapolis, Minnesota, United States

Wholesale Produce Supply is a fresh produce logistics and inventory management solutions provider to grocery wholesalers, foodservice distributors, and other customers throughout the Midwestern United States and Central Canada. Through its vast network of over 300 growers globally, WPS sources and aggregates approximately 100 fresh produce commodities. The Company also performs value-added services, such as ripening, grading, fresh-cut, washing, sorting, and packaging and delivers both on a recurring, daily basis as well as on a just-in-time less-than-truckload basis. WPS offers competitive pricing, reliable service, consistency, and flexibility. Wholesale Produce Supply was founded in 1964 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-09 Vanderra Resources

Forth Worth, Texas, United States

Vanderra Resources LP is an oilfield services provider to major and independent oil and gas producers.

Sell -