M&A Deal Summary

Rival Downhole Tools Acquires Hunting Energy Services

On December 15, 2020, Rival Downhole Tools acquired energy services and equipment company Hunting Energy Services from Hunting

Acquisition Highlights
  • This is Rival Downhole Tools’ 1st transaction in the Energy Services and Equipment sector.
  • This is Rival Downhole Tools’ 1st transaction in the United States.
  • This is Rival Downhole Tools’ 1st transaction in Texas.

M&A Deal Summary

Date 2020-12-15
Target Hunting Energy Services
Sector Energy Services and Equipment
Buyer(s) Rival Downhole Tools
Sellers(s) Hunting
Deal Type Divestiture

Target

Hunting Energy Services

Houston, Texas, United States
Hunting Energy Services, Inc. designs and manufacture quality drilling tools for all good applications and is the supplier of choice to the global oil and gas industry with our product range spanning Mud Motors, Subs, Stabilizers, Drill Collars, and Hole Openers. Hunting Energy Services is based in Houston, Texas.

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Buyer(S) 1

Buyer

Rival Downhole Tools

Houston, Texas, United States

Category Company
Founded 2017
Sector Energy Services and Equipment
DESCRIPTION

Rival Downhole Tools rents, sells, and services best-in-class drilling and thru-tubing downhole tools to the upstream oil and gas industry. Rival Downhole Tools was founded in 2017 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Hunting

London, United Kingdom

Category Company
Founded 1874
Sector Oil/Gas Exploration
Employees2,006
Revenue 1.0B USD (2024)
DESCRIPTION

Hunting together designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems. It also manufactures electronic parts for the energy, medical, defense, and aerospace sectors; provides trenchless technologies, which include drill pipe, tooling products, and conversion roadmaps; and innovative MWD solutions for gyro, steering tool, and running gear; and organic oil recovery technology. Hunting was founded in 1874 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-21 Enpro Subsea

Aberdeen, United Kingdom

Enpro Subsea is a field-proven intervention system for low-cost hydraulic intervention. Enpro also offers field development consulting and is the leader in OSPAR compliant characterization and removal of cell contents for decommissioning of GBS Structures. Enpro Subsea was established in 2011 and is based in Aberdeen, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-24 Flexible Engineered Solutions

Ashington, United Kingdom

Flexible Engineered Solutions is a provider of fluid transfer solutions to the offshore industry by operating from a 35,000 sq. ft. facility, in addition to a 6,000 sq. ft. test facility. The group has diverse customer, product, and market exposure and has three core divisions of oil and gas fluid handling, with a portfolio of products used in FPSO and deepwater subsea distribution applications. Flexible Engineered Solutions is based in Ashington, United Kingdom.

Buy £50M