M&A Deal Summary |
|
|---|---|
| Date | 2024-01-30 |
| Target | Extract |
| Sector | Energy Services and Equipment |
| Buyer(s) | NOV |
| Sellers(s) |
White Deer Energy
Riata Capital Group |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1862 |
| Sector | Energy Services and Equipment |
| Employees | 33,676 |
| Revenue | 8.6B USD (2023) |
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 | 29 of 29 |
| Sector (Energy Services and Equipment) | 21 of 21 |
| Type (Add-on Acquisition) | 20 of 20 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 15 of 15 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-14 |
Essentra Pipe Protection Technologies
Houston, Texas, United States Essentra Pipe Protection Technologies specialize in manufacturing the broadest range of thread protectors in the OCTG and drill pipe markets to ensure that we've got the oil and gas industry covered. From API thread connections to premium threads, we provide solutions for many applications in a wide array of materials. Additionally, we supply our customers with pipe protection products outside of thread protection, and we are always looking to find new ways to protect your investments. At Essentra, we help you deliver the protected pipe; all day, every day. |
Buy | $48M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-11 |
Ameron
Fillmore, California, United States Ameron is a 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 formed in 1970 and is based in Fillmore, California. |
Sell | $180M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 2.7B USD |
| Size | Large |
| Type | Sector Focused |
White Deer Energy is a specialist private equity investment group focused on the energy sector. White Deer targets equity investments of $25 to $100 million in companies active in oil and gas production, oil service and equipment manufacturing and midstream infrastructure. Prospective transaction situations include companies in need of capital for growth, companies with follow-on opportunities, or management teams looking to continue to operate their companies. The Firm prefers control or co-control positions. White Deer Energy was formed in 2008 and has offices in Houston, Texas and New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 16 |
| Sector (Energy Services and Equipment) | 11 of 12 |
| Type (Add-on Acquisition) | 9 of 9 |
| State (Oklahoma) | 4 of 4 |
| Country (United States) | 14 of 14 |
| Year (2024) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-24 |
Covenant Testing Technologies
The Woodlands, Texas, United States Covenant Testing Technologies provides flowback and well testing services with a special focus on horizontal and pad drilling for the upstream oil and gas services industry. Covenant Testing Technologies was founded in 2013 and is based in The Woodlands, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-27 |
Acteon
Norwich, United Kingdom Acteon is a global oilfield services provider focusing on the provision of subsea services and products. Acteon was founded in 1989 and is based in Norwich, United Kingdom. |
Sell | - |
Riata Capital Group is a private equity firm focused on control and non-control investments in profitable middle-market companies headquartered throughout North America. Riata looks to invest $25 to $150 million in companies valued up to $300 million. Sectors of interest include consumer products/services, business services, energy, and healthcare. Prospective transaction situations include recapitalizations, buyouts, divestitures, growth capital investments, and consolidations. Riata Capital Group was formed in 2015 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-12 |
Salon Republic
Woodland Hills, California, United States Salon Republic is an operator of company-owned salon suites that provide individual salon studio venues and value-added services to beauty care professionals in seven large western markets clustered in California, Colorado, Texas and Washington. Salon Republic provides a full range of services to its stylists, including individual private salon studios, complimentary linen services, on-site product selection, full time on-site management, educational teach-ins and related events, among other services. Salon Republic was founded in 2000 and is based in Woodland Hills, California. |
Buy | - |
