M&A Deal Summary

Lone Star Technologies Acquires Fintube

On November 18, 1999, Lone Star Technologies acquired manufacturer Fintube for 86M USD

Acquisition Highlights
  • This is Lone Star Technologies’ 1st transaction in the Manufacturing sector.
  • This is Lone Star Technologies’ largest (disclosed) transaction.
  • This is Lone Star Technologies’ 1st transaction in the United States.
  • This is Lone Star Technologies’ 1st transaction in Oklahoma.
Investment Fate
  • Fintube was divested to a consortium of buyers in 2010.
  • Fintube went bankrupt in 2017.
  • Fintube was sold to a strategic buyer in 2018.

M&A Deal Summary
Date 1999-11-18
Target Fintube
Sector Manufacturing
Buyer(s) Lone Star Technologies
Deal Type Add-on Acquisition
Deal Value 86M USD

Target

Fintube

Tulsa, Oklahoma, United States
Fintube LLC is a producer of advanced products that increase the operational efficiencies of boilers, heat exchangers and related products. Fintube was founded in 1962 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Lone Star Technologies

Dallas, Texas, United States
Category Company
Founded 1966
Sector Manufacturing
Revenue 1.4B USD (2006)
DESCRIPTION

Lone Star Technologies, Inc. manufactures and markets oilfield casing, tubing and line pipe, specialty tubing products, including finned tubes used in a variety of heat recovery applications, and flat rolled steel and other tubular products and services.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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