M&A Deal Summary

Marubeni-Itochu Tubulars America Acquires Sooner

On September 6, 2013, Marubeni-Itochu Tubulars America acquired distribution company Sooner from Oil States International for 600M USD

Acquisition Highlights
  • This is Marubeni-Itochu Tubulars America’s 1st transaction in the Distribution sector.
  • This is Marubeni-Itochu Tubulars America’s largest (disclosed) transaction.
  • This is Marubeni-Itochu Tubulars America’s 1st transaction in the United States.
  • This is Marubeni-Itochu Tubulars America’s 1st transaction in Texas.

M&A Deal Summary
Date 2013-09-06
Target Sooner
Sector Distribution
Buyer(s) Marubeni-Itochu Tubulars America
Sellers(s) Oil States International
Deal Type Divestiture
Deal Value 600M USD

Target

Sooner

Houston, Texas, United States
Sooner, Inc. is a OCTG distributor primarily operating in the United States. It provides additional services including inventory management, third-party inspection, remediation and threading. Sooner's distribution network consists of five company-owned yards and over 90 third-party locations in key operating areas across the United States.

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Buyer(S) 1

Buyer

Marubeni-Itochu Tubulars America

Houston, Texas, United States
Category Company
Founded 1983
Sector Distribution
DESCRIPTION

Marubeni-Itochu Tubulars America, Inc.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Oil States International

Houston, Texas, United States
Category Company
Founded 1995
Sector Energy Services and Equipment
Employees2,338
Revenue 782M USD (2023)
DESCRIPTION

Oil States International is an oilfield services company with a market position as a manufacturer of products for deepwater production facilities and certain drilling equipment, as well as a provider of completion services and land drilling services to the oil and gas industry. Oil States International was founded in 1995 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-30 The MAC Services Group

Sydney,, Australia

The MAC Services Group Limited (The MAC) is one of Australia's integrated accommodations group, specializing in mixed-use villages for people that work and live in key natural resource regions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-02 Montgomery Machine Company

Houston, Texas, United States

Montgomery Machine Company, Inc. combines machining and proprietary cladding technology and services to manufacture high-specification components for the offshore capital equipment industry on a global basis.

Buy -
Mergr

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