M&A Deal Summary

Schoeller-Bleckmann Oilfield Equipment Acquires Downhole Technology

On April 5, 2016, Schoeller-Bleckmann Oilfield Equipment acquired energy services and equipment company Downhole Technology from Pelican Energy Partners for 152M USD

Acquisition Highlights
  • This is Schoeller-Bleckmann Oilfield Equipment’s 1st transaction in the Energy Services and Equipment sector.
  • This is Schoeller-Bleckmann Oilfield Equipment’s largest (disclosed) transaction.
  • This is Schoeller-Bleckmann Oilfield Equipment’s 1st transaction in the United States.
  • This is Schoeller-Bleckmann Oilfield Equipment’s 1st transaction in Texas.

M&A Deal Summary

Date 2016-04-05
Target Downhole Technology
Sector Energy Services and Equipment
Buyer(s) Schoeller-Bleckmann Oilfield Equipment
Sellers(s) Pelican Energy Partners
Deal Type Add-on Acquisition
Deal Value 152M USD

Target

Downhole Technology

Houston, Texas, United States
Downhole Technology LLC is a provider of composite frac plugs used to isolate sections of the wellbore during plug-and-perf hydraulic fracturing operations. Downhole Technology’s simple, patented design improves reliability and offers more efficient pump down and drillout versus competing products. Additionally, Downhole Technology is the only vertically-integrated manufacturer of composite frac plugs in the industry, enhancing product development capabilities and quality control.

Search 200,500 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Schoeller-Bleckmann Oilfield Equipment

Ternitz, Austria

Category Company
Founded 1994
Sector Energy Services and Equipment
Employees1,636
Revenue 586M EUR (2023)
DESCRIPTION

Schoeller-Bleckmann Oilfield Equipment engages in high-precision components and a major supplier of oilfield equipment for the oilfield service industry. The business focus is on non-magnetic drillstring components and high-tech downhole tools for drilling and completing directional and horizontal wells. Schoeller-Bleckmann Oilfield Equipment was founded in 1994 and is incorporated in Ternitz, Austria.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Pelican Energy Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 563M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pelican Energy Partners is a private equity firm focused on making strategic investments in energy services and manufacturing companies. The Firm typically pursues profitable, established companies across North America with EBITDA generally between $1 million and $10 million. Pelican Energy Partners was formed in 2011 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 2 of 6
Sector (Energy Services and Equipment) 2 of 5
Type (Add-on Acquisition) 2 of 6
State (Texas) 1 of 5
Country (United States) 2 of 6
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-09 P360 Management Solutions

Houston, Texas, United States

P360 Management Solutions LLC has Phoenix DAS has operations, software development, sales and management teams strategically located throughout North America. The software platform is the only solution that offers oilfield services company users the ability to completely manage their operations and bring real-time insight and intelligence into the business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Air Relief

Mayfield, Kentucky, United States

Air Relief provides comprehensive aftermarket services, repairs, parts, and upgrades for centrifugal compressors to customers in the general industrial and oil and gas industries. Air Relief’s design-enhanced aftermarket products such as TurboLogix™ System Controllers, Inlet Guide Vanes, CenLube compressor lubricant, and inner coolers all significantly reduce customers’ operating costs. Air Relief was founded in 1985 and is based in Mayfield, Kentucky.

Buy -