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M&A Deal Summary

Presserv Acquires Cortec Global Services

On October 24, 2018, Presserv acquired business services company Cortec Global Services from Cortec

Acquisition Highlights
  • This is Presserv’s 1st transaction in the Business Services sector.
  • This is Presserv’s 1st transaction in the United States.
  • This is Presserv’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2018-10-24
Target Cortec Global Services
Sector Business Services
Buyer(s) Presserv
Sellers(s) Cortec
Deal Type Divestiture

Target

Cortec Global Services

St. Paul, Minnesota, United States
Cortec Global Services is a provider of corrosion control products, training and monitoring solutions. Cortec Global Services was founded in 2013 and is based in St. Paul, Minnesota.

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Buyer(S) 1

Buyer

Presserv

Stavanger, Norway
Category Company
Founded 1996
Sector Chemicals
Revenue 114M NOK (2017)
DESCRIPTION

Presserv is a specialist in preservation and corrosion protection within the oil, gas, shipping and storage tank industries. Presserv was founded in 1996 and is based in Stavanger, Norway.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Cortec

St. Paul, Minnesota, United States
Category Company
Sector Business Services
DESCRIPTION

Cortec Corp. is a provider of corrosion protection services. Cortec Corp. is headquartered in St. Paul, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
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