M&A Deal Summary

McJunkin Red Man Acquires Production Specialty Services

On November 30, 2012, McJunkin Red Man acquired distribution company Production Specialty Services

Acquisition Highlights
  • This is McJunkin Red Man’s 1st transaction in the Distribution sector.
  • This is McJunkin Red Man’s 1st transaction in the United States.
  • This is McJunkin Red Man’s 1st transaction in Texas.

M&A Deal Summary

Date 2012-11-30
Target Production Specialty Services
Sector Distribution
Buyer(s) McJunkin Red Man
Deal Type Add-on Acquisition
Advisor(s) Wilcox Investment Bankers (Financial)

Target

Production Specialty Services

Midland, Texas, United States
PSS is one of the largest distributors of oilfield pipe, valves, fittings and other general supplies in the broader Permian Basin. PSS was founded in 1990

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Buyer(S) 1

Buyer

McJunkin Red Man

Houston, Texas, United States

Category Company
Sector Distribution
Employees1,921
DESCRIPTION

McJunkin Red Man Corp. is a production specialty services supplies pipe, valves and fittings as well as other MRO products to the oil and gas industry. Production Specialty Services operates 17 service locations, including one distribution center, in the Permian Basin and Eagle Ford shale regions of Texas and New Mexico.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1