M&A Deal Summary |
|
|---|---|
| Date | 2017-09-05 |
| Target | MS Directional |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Patterson-UTI |
| Sellers(s) |
Denham Capital
NGP Energy Technology Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 215M USD |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Company |
|---|---|
| Founded | 1978 |
| Sector | Oil/Gas Exploration |
| Employees | 3,000 |
| Revenue | 4.1B USD (2023) |
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 | 7 of 10 |
| Sector (Oil/Gas Exploration) | 4 of 6 |
| Type (Add-on Acquisition) | 5 of 7 |
| State (Texas) | 4 of 7 |
| Country (United States) | 6 of 9 |
| Year (2017) | 2 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-20 |
Seventy Seven Energy
Oklahoma City, Oklahoma, United States Seventy Seven Energy, Inc. is a provider of wellsite services and equipment to U.S. land-based exploration and production customers. Seventy Seven Energy was formed in 2011 and is based in Oklahoma City, Oklahoma. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-06 |
Pioneer Energy Services
San Antonio, Texas, United States Pioneer Energy Services is a provider of well servicing and wireline services to producers primarily in the Texas and Rocky Mountain regions. Pioneer also provides contract land drilling services to oil and gas operators in Texas and Appalachia regions and internationally in Colombia. Pioneer Energy Services is headquartered in San Antonio, Texas. |
Buy | $295M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| PE ASSETS | 9.7B USD |
| Size | Mega |
| Type | Sector Focused |
Denham Capital Management is a specialist private investment firm focused on the energy and commodities sectors. Denham looks to invest in businesses and assets involving natural resources, metals and mining, power and utilities, and energy-related infrastructure and services. Denham will consider investments worldwide, with current projects in the US, Canada, South America, Europe, and Asia. Denham will also consider both development projects as well as mature, operating businesses. The Firm's target investment size is $50 to $200 million. Denham Capital Management was founded in 2004 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 22 |
| Sector (Oil/Gas Exploration) | 6 of 8 |
| Type (Add-on Acquisition) | 8 of 12 |
| State (Texas) | 4 of 6 |
| Country (United States) | 10 of 12 |
| Year (2017) | 1 of 2 |
| Size (of disclosed) | 6 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-03-27 |
Rio Energy
Rio de Janeiro, Brazil Rio Energy is a renewable power platform with 485MW of wind projects in operation, 144MW under construction, and 2,000MW+ of project pipeline opportunities. Rio Energy was founded in 2012 and is based in Rio de Janeiro, Brazil. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-11 |
JDS Silver
Vancouver, British Columbia, Canada JDS Silver, Inc. is a high-grade silver-lead-zinc mine whose 30 percent zinc equivalent grade makes it one of the world’s highest grade zinc deposits. Company owns the high-grade silver-zinc-lead Silvertip mine (“Silvertip”) located in northern British Columbia, Canada, adding a sixth producing mine to Coeur’s North American-focused platform |
Sell | $200M |
| Category | Corporate Investor |
|---|---|
| Founded | 2005 |
| PE ASSETS | 500M USD |
| Size | Middle-Market |
| Type | Sector Focused |
NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 17 |
| Sector (Oil/Gas Exploration) | 3 of 3 |
| Type (Add-on Acquisition) | 6 of 9 |
| State (Texas) | 3 of 5 |
| Country (United States) | 12 of 16 |
| Year (2017) | 3 of 4 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-18 |
Living Earth
Dallas, Texas, United States Living Earth is a manufacturer and provider of mulch, compost, and other landscaping materials in the State of Texas. The Company operates thirteen locations, primarily in the metropolitan areas of Dallas and Houston, selling to commercial contractors and nurseries. Living Earth was founded in 1985 and is based in Dallas, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-18 |
Lehigh Technologies
Tucker, Georgia, United States Lehigh Technologies, Inc. is a manufacturer of micronized rubber powders (MRP). Lehigh's rubber powders are re-engineered from industrial waste rubber using a cryogenic process protected through various patents and trade secrets. |
Sell | - |
