M&A Deal Summary |
|
|---|---|
| Date | 1999-04-07 |
| Target | Bayard Drilling Technologies |
| Sector | Energy Services and Equipment |
| Buyer(s) | Nabors |
| Sellers(s) | Energy Spectrum Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1952 |
| Sector | Oil/Gas Exploration |
| Employees | 12,000 |
| Revenue | 3.0B USD (2023) |
Nabors owns and operates a land-based drilling rig fleet and has a completion services and workover and well servicing rig fleets in North America. Nabors was founded in 1952 and is based in Hamilton, Bermuda.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 11 |
| Sector (Energy Services and Equipment) | 2 of 8 |
| Type (Add-on Acquisition) | 2 of 8 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 4 of 7 |
| Year (1999) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-01-12 |
Pool Energy Services
Houston, Texas, United States Pool Energy Services Co., headquartered in Houston, is a diversified energy services company principally engaged in providing well-servicing, workover and drilling services and related transportation services on land and offshore in the U.S. and selected international markets. |
Buy | $518M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-02-26 |
Enserco Energy Service
Calgary, Alberta, Canada Enserco Energy Service Co., Inc. is an integrated energy services company providing production and drilling services to the North American oil and gas industry. |
Buy | $252M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 4.5B USD |
| Size | Large |
| Type | Sector Focused |
Energy Spectrum Capital is a midstream private equity firm specializing in investment in buyouts and buys and build in middle-market companies. The Firm focused exclusively on the energy industry. ESC looks to make a direct investment in established companies includes oil & gas gathering and transportation systems, processing and treating facilities, storage facilities and other infrastructure facilities. ESC targets growing businesses and seeks to partner with experienced managements teams. The Firm looks to invest $50- $200 million per transaction. Energy Spectrum Capital was formed in 1995 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 42 |
| Sector (Energy Services and Equipment) | 1 of 28 |
| Type (Add-on Acquisition) | 1 of 21 |
| State (Oklahoma) | 1 of 12 |
| Country (United States) | 1 of 39 |
| Year (1999) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-12-01 |
Tobin International
Houston, Texas, United States Tobin International is recognized as the leading provider of geo-business information systems utilizing map data and decision support software as well as installation and integration services. Over the past 75 years, Tobin has transformed geo-business information management from a paper-based process to a comprehensive system integrating digital maps, tabular databases, satellite imagery, document management and work flow. Tobin supports a wide variety of professionals responsible for managing location-based assets and related information in the energy, utility, and pipeline industries and government sector. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-07-01 |
Canadian Midstream Services
Calgary, Alberta, Canada In July 1999, ESC invested in Canadian Midstream Services ("CMSL"), a provider of gas gathering, compression, treating and processing services to energy producers in western Canada. CMSL's strategy was to expand its asset base by acquiring and developing additional midstream assets in western Canada. CMSL originally acquired an interest in the Brazeau River Gas Plant in Alberta along with all of the gathering and compression systems that served the plant. In the first quarter of 2000, CMSL doubled its size with the acquisition of the Peggo Pesh processing and gathering assets in Northeast British Columbia from TransCanada Midstream. In September 2000, CMSL acquired the Nevis sour gas plant from Western Facilities Fund, resulting in net processing capacity in excess of 330 MMcfd. CMSL was sold to Duke Energy Midstream Services Canada in May 2001. |
Buy | - |
