M&A Deal Summary

Serva Group Acquires ValTek Industries

On August 20, 2020, Serva Group acquired energy services and equipment company ValTek Industries

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

M&A Deal Summary

Date 2020-08-20
Target ValTek Industries
Sector Energy Services and Equipment
Buyer(s) Serva Group
Deal Type Add-on Acquisition

Target

ValTek Industries

Odessa, Texas, United States
ValTek Industries is a manufacturer of hydraulic fracturing pumps and pump parts, including high-pressure pumps, fluid ends, power ends, and expendable parts such as valves and seats for the oil and gas industry. ValTek Industries was founded in 1979 and is based in Odessa, Texas.

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Buyer(S) 1

Buyer

Serva Group

Catoosa, Oklahoma, United States

Category Company
Founded 1991
Sector Energy Services and Equipment
DESCRIPTION

The SERVAgroup of companies (“SERVA”) was established in 1991 as a diversified global oilfield manufacturing group of companies with operations in the United States, Canada, and China.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-02 Rotary Drilling Tools USA

Beasley, Texas, United States

Rotary Drilling Tools USA manufactures, services and repairs downhole drilling tools and other OCTG products. All manufacturing is conducted at the company’s headquarters in Beasley,TX while additional service and repair facilities are located in Rifle, Colo.; Evanston, Wyo.; Mexico and Colombia. Rotary Drilling Tools USA was founded in 2006 and is based in Beasley, Texas.

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