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M&A Deal Summary

Romar-Abrado Acquires Abrado Wellbore Services

On April 20, 2022, Romar-Abrado acquired energy services and equipment company Abrado Wellbore Services from EV Private Equity

Acquisition Highlights
  • This is Romar-Abrado’s 1st transaction in the Energy Services and Equipment sector.
  • This is Romar-Abrado’s 1st transaction in the United States.
  • This is Romar-Abrado’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-04-20
Target Abrado Wellbore Services
Sector Energy Services and Equipment
Buyer(s) Romar-Abrado
Sellers(s) EV Private Equity
Deal Type Merger

Target

Abrado Wellbore Services

Houston, Texas, United States
Abrado Wellbore Services specializes in creating the optimum wellbore environment through the implementation of innovative downhole cleanout tools, chemical stimulation treatments, and video-based diagnostic technology services. Abrado Wellbore Services is based in Houston, Texas.

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Buyer(S) 1

Buyer

Romar-Abrado

Aberdeenshire, United Kingdom
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Romar-Abrado specializes in the provision of innovative, cost-effective technologies associated with magnetic separation, decontamination of drilling fluids, and spill prevention and containment. Romar-Abrado is based in Aberdeenshire, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

EV Private Equity

Stavanger, Norway

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 1.0B NOK
Size Small
Type Sector Focused
DESCRIPTION

Energy Ventures is an independent venture capital firm that manages/advises four venture funds. It actively seeks early- to mid-stage investments in technology companies that deliver a marketable, proprietary product or service in the upstream oil and gas sector. Energy Ventures focuses on investments based in the North Sea area or North America with an international orientation. Established in 2002, Energy Ventures is based in Stavanger, Norway with additional offices in Aberdeen, UK, and Houston, Texas.

DEAL STATS #
Overall 25 of 33
Sector (Energy Services and Equipment) 17 of 21
Type (Merger) 1 of 1
State (Texas) 3 of 6
Country (United States) 5 of 8
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Evolution Engineering

Calgary, Alberta, Canada

Evolution Engineering is a provider of products and engineering services to the measurement while drilling market. Building upon its patented and proven Unified Telemetry platform, Evolution delivers purpose-built MWD products that exceed today’s drilling requirements for performance and reliability. Evolution Engineering was founded in 2011 and is based in Calgary, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Add Energy Group

Stavanger, Norway

Add Energy Group is a provider of consulting and software solutions for unlocking efficiencies and improving uptime in the oil and gas sector. Add Energy Group was established in 1986 and is based in Stavanger, Norway.

Sell -
Mergr

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