M&A Deal Summary

Oil States International Acquires GEODynamics

On December 12, 2017, Oil States International acquired energy services and equipment company GEODynamics from Lime Rock Partners for 525M USD

Acquisition Highlights
  • This is Oil States International’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Oil States International’s largest (disclosed) transaction.
  • This is Oil States International’s 3rd transaction in the United States.
  • This is Oil States International’s 3rd transaction in Texas.

M&A Deal Summary
Date 2017-12-12
Target GEODynamics
Sector Energy Services and Equipment
Buyer(s) Oil States International
Sellers(s) Lime Rock Partners
Deal Type Add-on Acquisition
Deal Value 525M USD

Target

GEODynamics

Millsap, Texas, United States
GEODynamics, Inc. is specializes in the manufacturing, assembly, and sale of high performance perforating systems for domestic and international service companies around the globe. GEODynamics shaped charge portfolio includes conventional charges; its patented CONNEX® product line, which generates a secondary reaction under pressure to clear the perforating tunnel; and its RaZor® product line, which has demonstrated industry leading penetration depth.

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Buyer(S) 1

Buyer

Oil States International

Houston, Texas, United States
Category Company
Founded 1995
Sector Energy Services and Equipment
Employees2,338
Revenue 782M USD (2023)
DESCRIPTION

Oil States International is an oilfield services company with a market position as a manufacturer of products for deepwater production facilities and certain drilling equipment, as well as a provider of completion services and land drilling services to the oil and gas industry. Oil States International was founded in 1995 and is based in Houston, Texas.

DEAL STATS #
Overall 4 of 5
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 4 of 5
State (Texas) 3 of 3
Country (United States) 3 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-02 Montgomery Machine Company

Houston, Texas, United States

Montgomery Machine Company, Inc. combines machining and proprietary cladding technology and services to manufacture high-specification components for the offshore capital equipment industry on a global basis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-28 Falcon Flowback Services

Oklahoma City, Oklahoma, United States

Falcon Flowback Services LLC is a full-service provider of flowback and well testing services for the separation and recovery of fluids, solid debris and proppant used during hydraulic fracturing operations.

Buy $85M

Seller(S) 1

SELLER

Lime Rock Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lime Rock Partners is a private investment firm focused on growth capital investments in the energy industry. Specifically, Lime Rock looks for companies engaged in exploration & production, energy service, and oil service technology in North America and Europe. Lime Rock's target investment size is $50 to $150 million in businesses valued up to $500 million. Lime Rock Partners was formed in 1998 and is affiliated with Lime Rock Resources. Lime Rock Partners has offices in Westport, Connecticut; Aberdeen, Scotland; and Houston, Texas.

DEAL STATS #
Overall 44 of 62
Sector (Energy Services and Equipment) 19 of 26
Type (Add-on Acquisition) 19 of 25
State (Texas) 9 of 15
Country (United States) 19 of 29
Year (2017) 4 of 4
Size (of disclosed) 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Transform Exploration

Subiaco, Australia

Transform Exploration is an oil and gas exploration company. Transform Exploration was founded in 2012 and is based in Subiaco, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 Wayfinder Resources

Houston, Texas, United States

Wayfinder Resources is an oil and gas exploration and production company. Wayfinder Resources currently targets the acquisition of oil and gas leases, working interests, mineral rights and royalty interests throughout the greater Merge/SCOOP/STACK trend. Wayfinder Resources was founded in 2017 is based in Houston, Texas.

Buy -
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