Stake Purchase • Energy Services and Equipment

Steel Partners Invests In Steel Excel

On December 23, 2016, Steel Partners invested in energy services and equipment company Steel Excel

Investment Context
  • This is Steel Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Steel Partners’ 2nd transaction in the United States.
  • This is Steel Partners’ 1st transaction in New York.

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Investment Summary

Date December 23, 2016
Target Steel Excel
Sector Energy Services and Equipment
Investor(s) Steel Partners
Deal Type Stake Purchase

Target Company

Steel Excel

White Plains, New York, United States
Steel Excel, Inc. is a provider of well servicing, workover and other services to the oil and gas industry.
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Investor Overview 1

Investor

Steel Partners

New York, New York, United States

Category Company
Founded 1990
Sector Diversified
Employees5,200
Revenue 2.0B USD (2024)
DESCRIPTION

Steel Partners is a diversified global holding company that engages in multiple businesses through consolidated subsidiaries, associated companies and other interests. It owns and operates businesses and has significant interests in leading companies in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports. Steel Partners was founded in 1990 and is based in New York, New York.


Deal Context for Investor #
Overall 2 of 5
Sector: Energy Services and Equipment 1 of 1
Type: Stake Purchase 1 of 1
State: New York 1 of 2
Country: United States 2 of 5
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-03 CoSine Communications

Los Gatos, California, United States

CoSine Communications, Inc. primary operating subsidiary, API, is a manufacturer and distributor of foils, films and laminates used to enhance the visual appeal of products and packaging, serving industrial markets. CoSine Communications, Inc. was founded in 1997 and is based in Los Gatos, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 Handy & Harman

White Plains, New York, United States

Handy & Harman Ltd. is a diversified global industrial company delivering value through innovation, operating excellence, and superior customer service. Company manufactures and sells engineered niche industrial products in the United States and internationally.

Buy -