Divestiture • Energy Services and Equipment

Natura Resources Acquires Shepherd Power

On December 10, 2025, Natura Resources acquired energy services and equipment company Shepherd Power from NOV

Acquisition Context
  • This is Natura Resources’ 1st transaction in the Energy Services and Equipment sector.
  • This is Natura Resources’ 1st transaction in the United States.
  • This is Natura Resources’ 1st transaction in Texas.

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M&A Deal Summary

Date December 10, 2025
Target Shepherd Power
Sector Energy Services and Equipment
Buyer(s) Natura Resources
Sellers(s) NOV
Deal Type Divestiture

Target Company

Shepherd Power

Houston, Texas, United States
Shepherd Power is an energy technology company focused on advancing next-generation nuclear power solutions by supporting the commercialisation and deployment of advanced nuclear reactors that can provide reliable, scalable, and low-carbon baseload energy to industrial and utility customers. Shepherd Power is based in Houston, Texas.
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Buyer Overview 1

Buyer

Natura Resources

Abilene, Texas, United States

Category Company
Founded 2020
Sector Energy Services and Equipment
DESCRIPTION

Natura Resources is an energy technology company focused on developing commercial advanced nuclear reactor systems, particularly molten salt reactors, to address demand for reliable carbon-free energy, medical isotopes, and clean water. Natura Resources was founded in 2020 and is headquartered in Abilene, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1

Seller Profile 1

SELLER

NOV

Houston, Texas, United States

Category Company
Founded 1862
Sector Energy Services and Equipment
Employees34,010
Revenue 8.9B USD (2024)
DESCRIPTION
Entrance to National Oilwell Varco's corporate headquarters in Houston, Texas.
Entrance to National Oilwell Varco's corporate headquarters in Houston, Texas.

NOV is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. NOV was formed in 1862 and is based in Houston, Texas.


Deal Context for Seller #
Overall 6 of 6
Sector: Energy Services and Equipment 3 of 3
Type: Divestiture 4 of 4
State: Texas 2 of 2
Country: United States 5 of 5
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 Ameron

Pasadena, California, United States

Ameron manufacturer of highly engineered, premium concrete and steel poles for a broad range of infrastructure applications, including lighting, traffic, electric distribution, and small-cell telecom. Ameron was founded in 1970 and is based in Pasadena, California.

Sell $180M