M&A Deal Summary

RigNet Acquires Safcon

On April 18, 2018, RigNet acquired safety/security company Safcon

Acquisition Highlights
  • This is RigNet’s 1st transaction in the Safety/Security sector.
  • This is RigNet’s 4th transaction in the United States.
  • This is RigNet’s 3rd transaction in Louisiana.

M&A Deal Summary
Date 2018-04-18
Target Safcon
Sector Safety/Security
Buyer(s) RigNet
Deal Type Add-on Acquisition

Target

Safcon

Lafayette, Louisiana, United States
Safety Controls, Inc. is a provider of safety and security service provider for oil and gas industry. Safety Controls is based in Lafayette, Louisiana.

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Buyer(S) 1

Buyer

RigNet

Houston, Texas, United States
Category Company
Founded 2000
Sector Communications
Revenue 243M USD (2019)
DESCRIPTION

RigNet, Inc. is a provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over 30 countries on six continents, effectively spanning the drilling and production industry. RigNet was founded in 2000 and is based in Houston, Texas.

DEAL STATS #
Overall 10 of 10
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 8 of 8
State (Louisiana) 3 of 3
Country (United States) 4 of 4
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-18 Automation Communications Engineering

Lafayette, Louisiana, United States

Automation Communications Engineering Corp. is a provider of a broad range of communications services, for both onshore and offshore remote locations, to the oil and gas industry.

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