M&A Deal Summary

NOV Acquires Ameron

On October 5, 2011, NOV acquired building materials company Ameron for 777M USD

Acquisition Highlights
  • This is NOV’s 1st transaction in the Building Materials sector.
  • This is NOV’s 5th largest (disclosed) transaction.
  • This is NOV’s 8th transaction in the United States.
  • This is NOV’s 1st transaction in California.
Investment Fate
  • Ameron was divested to a consortium of strategic buyers in 2024 for 180M USD.

M&A Deal Summary

Date 2011-10-05
Target Ameron
Sector Building Materials
Buyer(s) NOV
Deal Type Merger
Deal Value 777M USD
Advisor(s) BofA Securities (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

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.

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Buyer(S) 1

Buyer

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 STATS #
Overall 17 of 29
Sector: Building Materials M&A 1 of 1
Type: Merger M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 8 of 15
Year: 2011 M&A 5 of 5
Size (of disclosed) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-26 Sara Sae Pvt.

Dehradun, India

Sara Sae Pvt. Ltd. is a manufacture of hi-tech drilling equipments for land and jack-up rigs like BOP Accumulators, hydraulic tongs, hammer unions, swivel joints. Sara, along with its subsidiary CPC, has the largest market share of surface BOP control systems. Sara also specializes in ring joint gaskets, hammer unions, flow iron equipment, handling equipment and other fast-moving goods used in drilling, fracking and completion segments.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-11 Enerflow Industries

Calgary, Alberta, Canada

Enerflow Industries, Inc., a designer, develops oil field service equipments. Enerflow a fabricator and manufacturer of pressure pumping, blending, cementing, and other service equipment.

Buy -