M&A Deal Summary |
|
|---|---|
| Date | 2023-07-05 |
| Target | Ulterra Drilling Technologies |
| Sector | Energy Services and Equipment |
| Buyer(s) | Patterson-UTI |
| Sellers(s) | The Blackstone Group |
| Deal Type | Add-on Acquisition |
| Deal Value | 370M USD |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1978 |
| Sector | Oil/Gas Exploration |
| Employees | 9,200 |
| Revenue | 5.4B USD (2024) |
Patterson-UTI provide onshore contract drilling and pressure pumping services, operate land-based drilling rigs in oil and natural gas producing regions to exploration and production companies in North America. Patterson-UTI was founded in 1978 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 11 |
| Sector: Energy Services and Equipment M&A | 5 of 5 |
| Type: Add-on Acquisition M&A Deals | 8 of 8 |
| State: Texas M&A | 8 of 8 |
| Country: United States M&A | 10 of 10 |
| Year: 2023 M&A | 2 of 2 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-15 |
NexTier Oilfield Solutions
Houston, Texas, United States NexTier Oilfield Solutions is a provider of integrated completions focused on US land. The company delivers safe, efficient and innovative services that enable customers to win by accelerating production while generating leading returns. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions. NexTier Oilfield Solutions was founded in 1973 and is based in Houston, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 394.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 177 of 193 |
| Sector: Energy Services and Equipment M&A | 6 of 6 |
| Type: Add-on Acquisition M&A Deals | 68 of 74 |
| State: Texas M&A | 23 of 24 |
| Country: United States M&A | 107 of 117 |
| Year: 2023 M&A | 4 of 4 |
| Size (of disclosed) | 50 of 60 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-12 |
CARD
Plano, Texas, United States CARD is a provider of autism behavioral health services for children and adults affected by autism spectrum disorder. CARD was established in 1990 and is based in Los Angeles, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-06 |
Lazeo
Paris, Italy Lazeo is a provider of non-invasive aesthetic medicine services including laser hair removal, injectables, body contouring, and medical-grade facials. Lazeo was founded in 2009 and is based in Paris, Italy. |
Buy | - |
