Divestiture • Energy Services and Equipment

Newpark Resources Exits Newpark Fluids Systems

On September 15, 2024, invested in energy services and equipment company Newpark Fluids Systems from Newpark Resources

Investment Context
  • This is transaction in the Energy Services and Equipment sector.
  • This is transaction in the United States.
  • This is transaction in Texas.

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Investment Summary

Date September 15, 2024
Target Newpark Fluids Systems
Sector Energy Services and Equipment
Sellers(s) Newpark Resources
Deal Type Divestiture

Target Company

Newpark Fluids Systems

The Woodlands, Texas, United States
Newpark Fluids Systems provides drilling and completion fluids products and related technical services to customers for oil, natural gas, and geothermal projects primarily in North America, Europe, the Middle East, and Africa, as well as certain countries in Asia Pacific. NFS utilizes a fluids-focused and global reach, local knowledge approach to improve the efficiency & productivity of customer operations globally.
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Seller Profile 1

SELLER

Newpark Resources

The Woodlands, Texas, United States

Category Company
Founded 1932
Sector Energy Services and Equipment
Employees1,550
Revenue 750M USD (2023)
DESCRIPTION

Newpark Resources is a provider of drilling fluids, temporary worksites and access roads for oilfield and other commercial markets. Newpark Resources was founded in 1932 and is based in The Woodlands, Texas.


Deal Context for Seller #
Overall 3 of 3
Sector: Energy Services and Equipment 1 of 1
Type: Divestiture 1 of 1
State: Texas 2 of 2
Country: United States 3 of 3
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-20 Excalibar Minerals

Katy, Texas, United States

Excalibar Minerals is a processor and supplier of industrial minerals. Its services include sourcing, processing, packaging, and distributing quality minerals used as fillers/extenders in paint, plastics, ceramics, and oil service end products. Excalibar Minerals was formed in 1990 and is based in Katy, Texas.

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