M&A Deal Summary |
|
|---|---|
| Date | 2021-12-01 |
| Target | US Rod |
| Sector | Machinery |
| Buyer(s) | Lufkin |
| Sellers(s) | White Deer Energy |
| Deal Type | Add-on Acquisition |
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Lufkin is a global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world. Lufkin was founded in 1902 and is based in Missouri City, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Machinery) | 3 of 3 |
| Type (Add-on Acquisition) | 4 of 4 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-02 |
Schlumberger - North American Rod Lift Business
Texas, United States Schlumberger's North American Rod Lift Business is a provider of rod lift products and services in North America (onshore) with brands including Don-Nan, Shores Lift Solutions, KBA Engineering, Platinum Pumpjack Services, and RLC Rod Lift Consulting. The Business provides its customers with a full product offering including downhole pumps and accessories, beam pumping units, sucker rods, and gas lift products. The Rod Lift Business has significant manufacturing and distribution capacity and has developed differentiated technology offerings, including the proprietary PumpTrak software. The Business has an expansive footprint across all major oil-producing regions in North America (onshore), including the Permian Basin where Don-Nan has operated for almost 60 years. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 2.7B USD |
| Size | Large |
| Type | Sector Focused |
White Deer Energy is a specialist private equity investment group focused on the energy sector. White Deer targets equity investments of $25 to $100 million in companies active in oil and gas production, oil service and equipment manufacturing and midstream infrastructure. Prospective transaction situations include companies in need of capital for growth, companies with follow-on opportunities, or management teams looking to continue to operate their companies. The Firm prefers control or co-control positions. White Deer Energy was formed in 2008 and has offices in Houston, Texas and New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 17 |
| Sector (Machinery) | 1 of 1 |
| Type (Add-on Acquisition) | 8 of 9 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 12 of 15 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-01 |
GES
Singapore, Singapore GES is an independent energy storage company that develops and operates first-class energy storage assets to create a global terminal network. Their strategic focus is to facilitate the energy transition by developing the infrastructure needed to move towards ever more sustainable and low carbon energy use. GES is based in Singapore. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-10 |
Fortress Power
Southampton, Pennsylvania, United States Fortress Power is a designer and manufacturer of battery energy storage systems for residential, commercial, and industrial customers. Fortress Power operations across North America, the Caribbean, Central America, and Asia. Fortress Power was founded in 2016 and is based in Southampton, Pennsylvania. |
Buy | - |
