M&A Deal Summary

Robbins & Myers Acquires T-3 Energy Services

On October 6, 2010, Robbins & Myers acquired energy services and equipment company T-3 Energy Services for 623M USD

Acquisition Highlights
  • This is Robbins & Myers’ 1st transaction in the Energy Services and Equipment sector.
  • This is Robbins & Myers’ largest (disclosed) transaction.
  • This is Robbins & Myers’ 1st transaction in the United States.
  • This is Robbins & Myers’ 1st transaction in Texas.

M&A Deal Summary

Date 2010-10-06
Target T-3 Energy Services
Sector Energy Services and Equipment
Buyer(s) Robbins & Myers
Deal Type Divestiture
Deal Value 623M USD
Advisor(s) Simmons & Company (Financial)

Target

T-3 Energy Services

Houston, Texas, United States
T-3 Energy Services, Inc. (NASDAQ: TTES) was formed in February 2000 by First Reserve and management as an acquisition vehicle to consolidate high-end equipment repair and specialty machining operations focused in the Gulf of Mexico. T-3 operates in three distinct business lines: the repair and refurbishment of production valves and drilling equipment, primarily blow-out preventers (BOPs); flow control equipment manufacturing and repair consisting of wellheads, production chokes, control valves and pressure safety valves; and downstream product manufacturing, distribution and repair, including flow control equipment, high pressure connection equipment and electric motors.

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Buyer(S) 1

Buyer

Robbins & Myers

Willis, Texas, United States

Category Company
Founded 1878
Sector Machinery
DESCRIPTION

Robbins & Myers, Inc., is a supplier of highly engineered, application critical equipment and systems for global pharmaceutical, energy, and industrial markets. Our success is based on close and continuing interaction with our customers, innovative products, application engineering and customer support, and a competitive manufacturing cost structure.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1