M&A Deal Summary |
|
|---|---|
| Date | 2017-02-08 |
| Target | Q2 Artificial Lift Services |
| Sector | Energy Services and Equipment |
| Buyer(s) | Pelican Energy Partners |
| Sellers(s) | Lufkin |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2011 |
| PE ASSETS | 563M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Pelican Energy Partners is a private equity firm focused on making strategic investments in energy services and manufacturing companies. The Firm typically pursues profitable, established companies across North America with EBITDA generally between $1 million and $10 million. Pelican Energy Partners was formed in 2011 and is headquartered in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 29 |
| Sector (Energy Services and Equipment) | 4 of 10 |
| Type (Divestiture) | 2 of 4 |
| State (Alberta) | 2 of 2 |
| Country (Canada) | 2 of 2 |
| Year (2017) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-30 |
Global Heat Transfer
Humble, Texas, United States Global Heat Transfer engages in manufacturing and repair of radiators, oil coolers, gas coolers and industrial cooling systems for oil and gas, mining and power generation markets. GHT's flagship product, the Jumbotron, is a high-performance radiator engineered specifically for the demands of today's pressure pumping equipment. Global Heat Transfer is based in Humble, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-30 |
Johnson Specialty Tools
Midland, Texas, United States Johnson Specialty Tools provides complete fluid management systems for drilling rigs including specialized pumps, mixing equipment, tanks, and other related equipment that contains, controls, and manages both oil and water based mud on drilling locations. Johnson Specialty Tools was founded in 2014 and is based in Midland, Texas. |
Buy | - |
Lufkin is a global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world. Lufkin was founded in 1902 and is based in Missouri City, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Alberta) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2017) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-02-29 |
Zenith Oilfield Technology
Inverurie, United Kingdom Zenith Oilfield Technology Ltd designs, develops, assembles and supports leading edge solutions related to the gathering and analysis of oil well data and the design of downhole completion equipment. |
Buy | £81M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-02 |
Schlumberger - North American Rod Lift Business
Texas, United States Schlumberger's North American Rod Lift Business is a provider of rod lift products and services in North America (onshore) with brands including Don-Nan, Shores Lift Solutions, KBA Engineering, Platinum Pumpjack Services, and RLC Rod Lift Consulting. The Business provides its customers with a full product offering including downhole pumps and accessories, beam pumping units, sucker rods, and gas lift products. The Rod Lift Business has significant manufacturing and distribution capacity and has developed differentiated technology offerings, including the proprietary PumpTrak software. The Business has an expansive footprint across all major oil-producing regions in North America (onshore), including the Permian Basin where Don-Nan has operated for almost 60 years. |
Buy | - |
