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Divestiture • Energy Services and Equipment

OFS International Acquires International Tubular Services - Pipe Services Assets

On April 5, 2013, OFS International acquired energy services and equipment company International Tubular Services - Pipe Services Assets from International Tubular Services

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

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M&A Deal Summary
Date April 5, 2013
Target International Tubular Services - Pipe Services Assets
Sector Energy Services and Equipment
Buyer(s) OFS International
Sellers(s) International Tubular Services
Deal Type Divestiture

Target Company

International Tubular Services - Pipe Services Assets

Houston, Texas, United States
International Tubular Services Ltd. - Pipe Services Assets is a producer of more than 700 thousand joints of threaded pipe and around 250 thousand couplings. In addition, the facility provides pipe inspection services and manufactures down-hole tools and accessories for a wide range of oil and gas applications.
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Buyer Overview 1

Buyer

OFS International

Odessa, Texas, United States
Category Company
Founded 2012
Sector Energy Services and Equipment
DESCRIPTION

OFS International LLC is a provider of oilfield and tubular services to the oil and gas industry.

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: 2013 1 of 1

Seller Profile 1

SELLER

International Tubular Services

Aberdeen, United Kingdom
Category Company
Founded 1986
Sector Business Services
DESCRIPTION

International Tubular Services Ltd. is an international rental tools and well services company.

Deal Context for Seller #
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: 2013 1 of 1

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