M&A Deal Summary

Parker Drilling Acquires International Tubular Services

On April 22, 2013, Parker Drilling acquired business services company International Tubular Services

Acquisition Highlights
  • This is Parker Drilling’s 1st transaction in the Business Services sector.
  • This is Parker Drilling’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2013-04-22
Target International Tubular Services
Sector Business Services
Buyer(s) Parker Drilling
Deal Type Add-on Acquisition
Advisor(s) Baker Botts (Legal)

Target

International Tubular Services

Aberdeen, United Kingdom
International Tubular Services Ltd. is an international rental tools and well services company.

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Buyer(S) 1

Buyer

Parker Drilling

Houston, Texas, United States

Category Company
Founded 1934
Sector Energy Services and Equipment
Employees2,670
Revenue 630M USD (2019)
DESCRIPTION

Parker Drilling is a provider of advanced drilling solutions to the energy industry. Parker providing worldwide drilling services, rental tools and project management, including rig design, construction and operations management. Parker Drilling was founded in 1934 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-20 Parker Drilling Offshore USA

Tulsa, Oklahoma, United States

Parker Drilling Offshore USA LLC, provides drilling services.

Sell -