M&A Deal Summary

Reliance Oilfield Services Acquires FMC Technologies - Wireline Assets

On May 11, 2016, Reliance Oilfield Services acquired energy services and equipment company FMC Technologies - Wireline Assets from TechnipFMC

Acquisition Highlights
  • This is Reliance Oilfield Services’ 1st transaction in the Energy Services and Equipment sector.
  • This is Reliance Oilfield Services’ 1st transaction in the United States.

M&A Deal Summary

Date 2016-05-11
Target FMC Technologies - Wireline Assets
Sector Energy Services and Equipment
Buyer(s) Reliance Oilfield Services
Sellers(s) TechnipFMC
Deal Type Divestiture

Target

FMC Technologies - Wireline Assets

United States
FMC Technologies, Inc. - Wireline Assets includes wireline for oil and natural gas industry.

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Buyer(S) 1

Buyer

Reliance Oilfield Services

Tulsa, Oklahoma, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Reliance Oilfield Services LLC is a provider of full-service cased hole wireline, wireline pressure control, flowback, well testing and drilling services for the North American oil and natural gas industry.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

TechnipFMC

Newcastle Upon Tyne, United Kingdom

Category Company
Founded 2015
Sector Energy Services and Equipment
Employees21,000
Revenue 9.1B USD (2024)
DESCRIPTION
Entrance to FMC Technologies' corporate headquarters in Houston, Texas.
Entrance to FMC Technologies' corporate headquarters in Houston, Texas.

TechnipFMC is a subsea provider of systems, technologies, and services to the oil and gas industry. TechnipFMC helps exploration and production customers overcome difficult challenges with onshore and offshore drilling. TechnipFMC was founded in 2015 and is based in Newcastle Upon Tyne, United Kingdom.


DEAL STATS #
Overall 4 of 6
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 3 of 5
Country: United States M&A 4 of 6
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-24 Syntron Material Handling

Saltillo, Mississippi, United States

Syntron Material Handling LLC is a manufacturer of a diversified product line of conveyor and vibratory equipment used to load, transport and feed bulk materials. Syntron Material Handling was formed in 2014 and is based in Saltillo, Mississippi.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-19 Technip Group SA

Paris, France

Technip is a a French provider of project management, engineering and construction services for the energy industry. Technip was formed in 1958 and is based in Paris.

Buy $6.2B