M&A Deal Summary

Summit Casing Equipment Acquires Gryphon Casing Solution

On August 19, 2021, Summit Casing Equipment acquired energy services and equipment company Gryphon Casing Solution from Gryphon Oilfield

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

M&A Deal Summary

Date 2021-08-19
Target Gryphon Casing Solution
Sector Energy Services and Equipment
Buyer(s) Summit Casing Equipment
Sellers(s) Gryphon Oilfield
Deal Type Divestiture

Target

Gryphon Casing Solution

Houston, Texas, United States
Gryphon Casing Solutions designs and delivers premium casing handling solutions in markets across the US and Latin America. Gryphon Casing Solution is headquartered in Houston, Texas.

Search 204,883 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

Summit Casing Equipment

Fort Worth, Texas, United States

Category Company
Sector Machinery
DESCRIPTION

Summit Casing Equipment is a manufacturer of a branded line of solid body centralizers, bow spring centralizers, composite centralizers, float equipment and reamer shoes. Summit Casing Equipment is based in Fort Worth, Texas.


DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Scepter Supply

Cheyenne, Wyoming, United States

Scepter Supply designs and manufactures cementation products servicing oil and gas operations in the United States (focused on lower 48) and throughout the world. Scepter Supply was formed in 2010 and is based in Cheyenne, Wyoming.

Buy -

Seller(S) 1

SELLER

Gryphon Oilfield

Houston, Texas, United States

Category Company
Founded 2016
Sector Energy Services and Equipment
DESCRIPTION

Gryphon Oilfield is a provider of quality, value-driven, oilfield products and services. Gryphon Oilfield specializes in aggressive well completions tools, casing equipment, and oilfield services and expertise in conventional and unconventional down-hole technology development. Gryphon Oilfield was established in 2016 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 Gryphon Oilfield Solutions - Completions Assets

Houston, Texas, United States

Gryphon Completions bunsess includes TM Anchor / Catcher, DT-2 On-off Tool and Circulating Tubing Swivel. The TM Anchor / Catcher is a retrievable positive action anchor tool to hold tubing strings in tension or compression during pump strokes to prevent tubing buckling. The DT-2 On/Off Tool is a tubing receptacle allowing isolation of a lower zone using a wireline blanking plug. The Circulating Tubing Swivel minimizes friction to ease rotation and reduce the possibility of backing off the top collar.

Sell -