Add-on Acquisition • Energy Services and Equipment

Schlumberger Acquires Shores Lift Solutions

On September 1, 2013, Schlumberger acquired energy services and equipment company Shores Lift Solutions from White Deer Energy

Acquisition Context
  • This is Schlumberger’s 13th transaction in the Energy Services and Equipment sector.
  • This is Schlumberger’s 13th transaction in the United States.
  • This is Schlumberger’s 1st transaction in Oklahoma.

Explore All 1261 Add-on Acquisition Energy Services and Equipment Deals - Search the Database Free


M&A Deal Summary

Date September 1, 2013
Target Shores Lift Solutions
Sector Energy Services and Equipment
Buyer(s) Schlumberger
Sellers(s) White Deer Energy
Deal Type Add-on Acquisition

Target Company

Shores Lift Solutions

Edmond, Oklahoma, United States
Shores Lift Solutions is a provider of pump jacks and sucker rods to oil and gas producers. The company designs its pump jacks and sells the units through a network of installation and service providers in the United States.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Schlumberger

Houston, Texas, United States

Category Company
Founded 1926
Sector Energy Services and Equipment
Employees111,000
Revenue 36.3B USD (2024)
DESCRIPTION
Schlumberger office in Houston, Texas.
Schlumberger office in Houston, Texas.

Schlumberger is an oilfield services company. Schlumberger offers technology, integrated project management and information solutions to customers working in the oil and gas industry. Schlumberger was formed in 1926 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 34 of 48
Sector: Energy Services and Equipment 13 of 25
Type: Add-on Acquisition 27 of 38
State: Oklahoma 1 of 2
Country: United States 13 of 18
Year: 2013 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-24 OneSubsea

Houston, Texas, United States

OneSubsea delivers integrated solutions, products, systems and services for the subsea oil and gas market. Our company offers a step change in reservoir recovery for the subsea oil and gas industry through integration and optimization of the entire production system over the life of the field.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 SES Holdings

Calgary, Canada

SES Holdings Ltd. provider of international land drilling services.

Buy -

Seller Profile 1

SELLER

White Deer Energy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

White Deer Energy is a specialist private equity investment group focused on the energy sector. White Deer targets equity investments of $25 to $100 million in companies active in oil and gas production, oil service and equipment manufacturing and midstream infrastructure. Prospective transaction situations include companies in need of capital for growth, companies with follow-on opportunities, or management teams looking to continue to operate their companies. The Firm prefers control or co-control positions. White Deer Energy was formed in 2008 and has offices in Houston, Texas and New York, New York.


Deal Context for Seller #
Overall 2 of 18
Sector: Energy Services and Equipment 2 of 14
Type: Add-on Acquisition 2 of 9
State: Oklahoma 1 of 5
Country: United States 2 of 16
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-28 Legacy Measurement Solutions

Addison, Texas, United States

Legacy Measurement Solutions is a provider of engineered oil and gas measurement stations, custom or standard meter tubes, power supply equipment, production equipment, and fabricated buildings. In addition, Legacy Measurement Solutions offers electronic flow meters (EFM), flow recorders, instrumentation & accessories, as well as services including laboratory analysis, data processing, meter tube inspections/cleaning, installations, maintenance and communications systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-26 Cust-O-Fab

Sand Springs, Oklahoma, United States

Cust-O-Fab designs and manufactures new and replacement shell and tube heat exchangers and tube bundles, fractionation towers and pressure vessels for use primarily in the refining and petrochemical industries. The Company also provides a broad spectrum of turnaround and specialty maintenance services. Cust-O-Fab was founded in 1972 and is based in Sand Springs, Oklahoma.

Buy -