M&A Deal Summary

Koil Energy Acquires Flotation Technologies

On January 1, 2008, Koil Energy acquired chemicals company Flotation Technologies

Acquisition Highlights
  • This is Koil Energy’s 1st transaction in the Chemicals sector.
  • This is Koil Energy’s 2nd transaction in the United States.
  • This is Koil Energy’s 1st transaction in Maine.

M&A Deal Summary
Date 2008-01-01
Target Flotation Technologies
Sector Chemicals
Buyer(s) Koil Energy
Deal Type Add-on Acquisition
Advisor(s) Consilium Partners LLC (Financial)

Target

Flotation Technologies

Biddeford, Maine, United States
Flotation Technologies, Inc. designs, develops, manufactures, and sells deepwater buoyancy systems using syntactic foams and polyurethane elastomers.

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Buyer(S) 1

Buyer

Koil Energy

Houston, Texas, United States
Category Company
Founded 1997
Sector Energy Services and Equipment
Employees51
Revenue 15M USD (2023)
DESCRIPTION

Koil Energy is a subsea oilfield services company providing subsea solutions for the energy and offshore industries. The Company's primary focus is on complex deepwater and ultra-deepwater oil production distribution system support services and products used between the platform and the wellhead. Koil Energy was founded in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Maine) 1 of 1
Country (United States) 2 of 3
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-02 ElectroWave USA

Channelview, Texas, United States

ElectroWave USA, Inc. is an electronic monitoring and control systems development company operating in the energy, military, and commercial business sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-09 Mako Technologies

Morgan City, Louisiana, United States

Mako Technologies, Inc. is a provider of equipment and services to the offshore oil and gas industry.

Buy -
Mergr

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