M&A Deal Summary |
|
|---|---|
| Date | 2001-04-10 |
| Target | Dresser |
| Sector | Energy Services and Equipment |
| Buyer(s) |
Odyssey Investment Partners
First Reserve |
| Sellers(s) | Halliburton |
| Deal Type | Divestiture |
| Deal Value | 1.6B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 8.2B USD |
| Size | Mega |
| Type | Sector Agnostic |
Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 52 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Divestiture) | 1 of 6 |
| State (Illinois) | 1 of 5 |
| Country (United States) | 7 of 49 |
| Year (2001) | 1 of 2 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-02-01 |
Western Wireless
Issaquah, Washington, United States Western Wireless Corporation is a cellular network operator that provided mobile telecommunications service to subscribers in 19 western states and seven countries. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-12-15 |
Montpelier Re Holdings
Pembroke, Bermuda Montpelier Re Holdings Ltd. is a insurance and reinsurance company that focuses on the property reinsurance market. Targeted lines of business include property catastrophe excess of loss reinsurance, property risk excess of loss reinsurance, facultative reinsurance, whole account quota share reinsurance, and property retrocession reinsurance. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 32.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 109 |
| Sector (Energy Services and Equipment) | 6 of 33 |
| Type (Divestiture) | 1 of 9 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 11 of 73 |
| Year (2001) | 2 of 3 |
| Size (of disclosed) | 1 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-03-19 |
Berkley Petroleum
Calgary, Alberta, Canada Berkley Petroleum Corp., acquired by Anadarko Petroleum (NYSE: APC) in March 2001, is engaged primarily in the exploration and development of natural gas. Berkley focuses on the deeper, western portion of the Western Canadian Sedimentary Basin in Alberta, northeastern British Columbia, and the Northwest Territories, as well as the deep formations in southeastern Saskatchewan |
Sell | $1.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-11-01 |
Aquilex
Atlanta, Georgia, United States Aquilex Corp. is a provider of critical maintenance, repair and industrial cleaning solutions to the energy industry. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1919 |
| Sector | Energy Services and Equipment |
| Employees | 48,000 |
| Revenue | 23.0B USD (2023) |
Halliburton is a provider of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton was founded in 1919 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Divestiture) | 1 of 2 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2001) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-02-26 |
Dresser
Elk Grove Village, Illinois, United States Dresser, Inc. provides highly engineered products for the global energy infrastructure. Dresser's broad portfolio of products includes valves, actuators, meters, switches, regulators, piping products, natural gas-fueled engines, retail fuel dispensers and associated retail point of sale systems, and air and gas handling equipment. |
Buy | $7.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-04-12 |
WellDynamics BV
Netherlands WellDynamics is the world's leading provider of intelligent well completion technology. WellDynamics has an extensive track record of delivering reliable products, understanding the unique demands of customer applications, and developing innovative, fit-for-purpose solutions. WellDynamics' award-winning SmartWell® technology has been successfully deployed in over 300 wells worldwide. Its product offering consists of a comprehensive suite of intelligent completion equipment and services, including downhole flow control devices, downhole permanent monitoring equipment, fiber optic sensors, and surface data acquisition and automated control systems. |
Buy | - |
