M&A Deal Summary

Siguler Guff & Company and Halliburton Acquire Envana

On February 23, 2023, asset manager Siguler Guff & Company and Halliburton acquired internet software and services company Envana

Acquisition Highlights
  • This is Siguler Guff & Company’s 1st and Halliburton’s 1st transaction in the Internet Software and Services sector.
  • This is Siguler Guff & Company’s 6th and Halliburton’s 17th transaction in the United States.
  • This is Siguler Guff & Company’s 1st and Halliburton’s 10th transaction in Texas.

M&A Deal Summary

Date 2023-02-23
Target Envana
Sector Internet Software and Services
Buyer(s) Siguler Guff & Company
Halliburton
Deal Type Joint Venture

Target

Envana

Houston, Texas, United States
Envana provides critical emissions management software-as-a-service (SaaS) solutions to track greenhouse gas emissions in the oil and gas industry and beyond. Envana is based in Houston, Texas.

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Buyer(S) 2

Buyer

Siguler Guff & Company

Investor Investor Investor Investor


Category Asset Manager
Founded 1991
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Siguler Guff & Company is a multi-strategy investment manager that provides institutional clients with access to a variety of investment programs including distressed, real estate, small business, emerging markets, and other strategies. Siguler's small business group looks to acquire or investment in US-based, lower middle-market companies in a variety of industries with $5 to $25 million of EBITDA. Siguler Guff & Company was established in 1991 as a unit of Pain Webber and became independent in 1995. The Firm is based in New York City.


DEAL STATS #
Overall 6 of 8
Sector (Internet Software and Services) 1 of 1
Type (Joint Venture) 1 of 1
State (Texas) 1 of 1
Country (United States) 6 of 8
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-28 Solvd

Roseville, California, United States

Solvd is a global technology consultancy and software engineering company that has built a core competency in software QA and test automation consulting and its solutions have broadened to include custom app development, DevOps, and AR/VR development among other solutions which the Company has developed to meet their client's growing needs. Solvd was founded in 2011 and is based in Roseville, Carlifornia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-17 Precision

Lancaster, Ohio, United States

Precision provides repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets. The company offers horizontal directional drilling, excavation, hydrovac operations, utility locating and verification, video camera line inspection, GPS mapping, and other underground solutions. It has a core focus on (i) replacement of leak-prone natural gas distribution pipelines and (ii) installation of telecommunications infrastructure to protect and secure the electrical grid. Precision is based in Lancaster, Ohio.

Buy -
Buyer

Halliburton

Houston, Texas, United States

Category Company
Founded 1919
Sector Energy Services and Equipment
Employees48,000
Revenue 22.9B USD (2024)
DESCRIPTION
Entrance to Halliburton's corporate headquarters in Houston, Texas.
Entrance to Halliburton's corporate headquarters in Houston, Texas.

Halliburton is a provider of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton was founded in 1919 and is based in Houston, Texas.


DEAL STATS #
Overall 21 of 21
Sector (Internet Software and Services) 1 of 1
Type (Joint Venture) 2 of 2
State (Texas) 10 of 10
Country (United States) 17 of 17
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 Summit ESP

Tulsa, Oklahoma, United States

Summit ESP LLC is an engineer, manufacturer, and services a complete product offering of electric submersible and surface pumping systems. Based in Tulsa, Okla., Summit has more than 500 employees in almost 30 locations across North America.

Buy -