M&A Deal Summary

Proserv Acquires Nautronix

On September 5, 2015, Proserv acquired communications company Nautronix from SCF Partners

Acquisition Highlights
  • This is Proserv’s 1st transaction in the Communications sector.
  • This is Proserv’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2015-09-05
Target Nautronix
Sector Communications
Buyer(s) Proserv
Sellers(s) SCF Partners
Deal Type Add-on Acquisition

Target

Nautronix

Aberdeen, United Kingdom
Nautronix is an international provider of advanced subsea acoustic positioning systems, diver communication systems, and acoustic subsea controls. Nautronix was founded in 1989 and is based in Aberdeen, Scotland.

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Buyer(S) 1

Buyer

Proserv

Aberdeen, United Kingdom

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Proserv is a controls technology company incorporating two divisions, Proserv Controls, which encompasses our innovative subsea controls solutions, alongside our topside, IWOCS, sampling, and measurement offerings to the oil & gas and renewables markets, and Gilmore, a Proserv Company, known for its globally renowned control valves. Proserv is based in Aberdeen, United Kingdom.


DEAL STATS #
Overall 4 of 4
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (United Kingdom) 2 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-13 KRG Industries

Coatbridge, United Kingdom

KRG provides a broad suite of services including machining, welding, inspection and testing to an increasingly international base of blue-chip customers including oil and gas original equipment manufacturers (OEMs), oilfield service companies and defence contractors

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Proserv Group - Drilling Services Business

Aberdeenshire, Norway

Proserv Group, Inc. - Drilling Services Business provides welding, electrical, piping, flushing, and tubing services.

Sell -

Seller(S) 1

SELLER

SCF Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

SCF Partners Ltd. is a specialist private equity firm that targets investments in energy service and equipment companies with operations around the world. SCF provides both equity capital and strategic guidance over the life of the investment which typically lasts five years. The Firm's target investment size is $10 to $100 million. SCF looks to grow portfolio companies through internal growth initiatives and through acquisitions. SCF Partners was formed in 1989 and is based in Houston, Texas, with additional offices in Aberdeen, Scotland and Calgary, Alberta.


DEAL STATS #
Overall 19 of 23
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 7 of 8
Country (United Kingdom) 4 of 4
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-25 Shelf Subsea

Osborne Park, Australia

Shelf Subsea is a commercial diving, engineering, project management, and marine support & logistics company, specializing in air and saturation diving operations primarily for the Oil & Gas and Marine Construction industries. Shelf Subsea is based in Osborne Park, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 BCCK

Midland, Texas, United States

BCCK is an international provider of engineering, procurement, fabrication, and field construction services, focusing on midstream oil and natural gas processing applications. The company is a preeminent independent provider of Nitrogen Rejection Units, turbo expander cryogenic units, NGL recovery, CO2 removal, helium recovery, and oxygen removal, with a strong offering in oil and gas equipment fabrication and balance of plant field construction services. BCCK was founded in 1980 and is based in Midland, Texas.

Buy -