M&A Deal Summary

SPL Acquires Banded Iron Group - Laboratory & Measurement Service Business

On November 25, 2019, SPL acquired test/measurement equipment company Banded Iron Group - Laboratory & Measurement Service Business from Banded Iron Group

Acquisition Highlights
  • This is SPL’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is SPL’s 1st transaction in Canada.
  • This is SPL’s 1st transaction in Alberta.

M&A Deal Summary

Date 2019-11-25
Target Banded Iron Group - Laboratory & Measurement Service Business
Sector Test/Measurement Equipment
Buyer(s) SPL
Sellers(s) Banded Iron Group
Deal Type Divestiture

Target

Banded Iron Group - Laboratory & Measurement Service Business

Calgary, Alberta, Canada
Banded Iron Group - Laboratory & Measurement Service Business offers over 200 unique laboratory tests, mobile testing, sample collection, meter proving and measurement solutions throughout the United States and Canada.

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Buyer(S) 1

Buyer

SPL

Houston, Texas, United States

Category Company
Founded 1944
Sector Business Services
DESCRIPTION

SPL is an independent provider of critical outsourced hydrocarbon measurement, analysis, and reporting services for oil and gas production and transport in the United States. The Company provides a comprehensive suite of gas and liquid laboratory tests and related field services from its network of 8 labs and 14 field service locations across the U.S. and counts leading independent and major exploration and production companies, as well as midstream operators, among its customers. SPL’s test and measurement services enable its customers to evaluate the composition of the hydrocarbons they are producing to fine-tune production from wells, market products downstream, meet regulatory reporting requirements, and ensure accurate payment of royalties to leaseholders. Southern Petroleum Laboratories was founded in 1944 and is based in Houston, Texas.


DEAL STATS #
Overall 4 of 9
Sector (Test/Measurement Equipment) 2 of 2
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Atchafalaya Measurement

Scott, Louisiana, United States

Atchafalaya Measurement, Inc. is a multi-basin Oil & Gas Services company providing customized measurement systems to onshore and offshore drilling operations in many of the fastest-growing drilling regions in the United States. Atchafalaya Measurement was founded in 1982 and is based in Scott, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Assured Flow Solutions

Sugar Land, Texas, United States

Assured Flow Solutions is a multinational science and engineering company offering a custom mix of laboratory, engineering, and technology services. The company helps clients in the energy industry to measure, model, and solve even their most complex challenges to become safer, more efficient, and more profitable. Assured Flow Solutions was formed in 2012 and is based in Sugar Land, Texas.

Buy -

Seller(S) 1

SELLER

Banded Iron Group

Calgary, Alberta, Canada

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Banded Iron Group is a production management services company offering laboratory services and field operation and management solutions to oil and gas producers across the US and in Western Canada. BIG offers over 200 unique laboratory tests, mobile testing, sample collection, meter proving and measurement solutions throughout the United States.


DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1