M&A Deal Summary

RPC Acquires Spinnaker Oilwell Services

On June 30, 2023, RPC acquired energy services and equipment company Spinnaker Oilwell Services for 80M USD

Acquisition Highlights
  • This is RPC’s 1st transaction in the Energy Services and Equipment sector.
  • This is RPC’s largest (disclosed) transaction.
  • This is RPC’s 2nd transaction in the United States.
  • This is RPC’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2023-06-30
Target Spinnaker Oilwell Services
Sector Energy Services and Equipment
Buyer(s) RPC
Deal Type Add-on Acquisition
Deal Value 80M USD
Advisor(s) FMI Capital Advisors, Inc. (Financial)
Locke Lord (Legal)

Target

Spinnaker Oilwell Services

El Reno, Oklahoma, United States
Spinnaker Oilwell Services is a provider of oilfield cementing services. Spinnaker Oilwell Services is based in El Reno, Oklahoma.

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Buyer(S) 1

Buyer

RPC

Atlanta, Georgia, United States
Category Company
Founded 1984
Sector Energy Services and Equipment
Employees4,500
Revenue 2.3B USD (2014)
DESCRIPTION

RPC, Inc. is a provider of oilfield services and equipment for oil and gas companies.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Oklahoma) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 SITECH North and Central Florida

St. Augustine, Florida, United States

SITECH North and Central Florida LLC distributes construction technology solutions.

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Legal