M&A Deal Summary

Oil States Industries Acquires Piper Valve Systems

On July 2, 2012, Oil States Industries acquired energy services and equipment company Piper Valve Systems for 48M USD

Acquisition Highlights
  • This is Oil States Industries’ 1st transaction in the Energy Services and Equipment sector.
  • This is Oil States Industries’ largest (disclosed) transaction.
  • This is Oil States Industries’ 2nd transaction in the United States.
  • This is Oil States Industries’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 2012-07-02
Target Piper Valve Systems
Sector Energy Services and Equipment
Buyer(s) Oil States Industries
Deal Type Add-on Acquisition
Deal Value 48M USD

Target

Piper Valve Systems

Oklahoma City,, Oklahoma, United States
Piper Valve Systems, Inc.designs and manufactures high pressure valves and manifold components for oil and gas industry projects located offshore, onshore and subsea.

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Buyer(S) 1

Buyer

Oil States Industries

Arlington,, Texas, United States
Category Company
Founded 1942
Sector Energy Services and Equipment
DESCRIPTION

Oil States Industries operates in four market segments: Offshore Oil and Gas, Land Oil and Gas, Defense and General Industry. These four markets are serviced by Oil States' three divisions: the Offshore Construction Group, the Elastomer Group and the Marine Pipelines Group.

DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Oklahoma) 1 of 1
Country (United States) 2 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-05 Acute Technological Services

Houston, Texas, United States

Acute Technological Services, Inc. is a provider of metallurgical and welding innovations to the oil and gas industry in support of critical, complex subsea component manufacturing and deepwater riser fabrication on a global basis.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Quality Connector Systems

Houston,, Texas, United States

Quality Connector Systems LLC is a designer, enginer, manufacturer and delivers deepwater and shallow water connector solutions to the subsea pipeline industry in the U.S. and internationally.

Buy -
Mergr

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