M&A Deal Summary

Superior Energy Services Acquires Complete Production Services

On October 10, 2011, Superior Energy Services acquired energy services and equipment company Complete Production Services for 6.2B USD

Acquisition Highlights
  • This is Superior Energy Services’ 5th transaction in the Energy Services and Equipment sector.
  • This is Superior Energy Services’ largest (disclosed) transaction.
  • This is Superior Energy Services’ 4th transaction in the United States.
  • This is Superior Energy Services’ 2nd transaction in Texas.

M&A Deal Summary
Date 2011-10-10
Target Complete Production Services
Sector Energy Services and Equipment
Buyer(s) Superior Energy Services
Deal Type Merger
Deal Value 6.2B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Latham & Watkins (Legal)

Target

Complete Production Services

Houston, Texas, United States
Complete Production Services, Inc. provides completion and production services to develop hydrocarbon reserves for oil and gas companies in North America.

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Buyer(S) 1

Buyer

Superior Energy Services

Houston, Texas, United States
Category Company
Founded 1991
Sector Energy Services and Equipment
Employees5,200
Revenue 1.4B USD (2019)
DESCRIPTION

Superior Energy Services is a provider of specialized oilfield services and equipment focusing on serving the production-related needs of oil and gas companies operating in the Gulf of Mexico. Superior provides a wide range of 'post-wellhead' products and services necessary to produce and maintain offshore production, including coiled tubing, hydraulic workover, well control, mechanical wireline, electric wireline, plug and abandonment services and a wide range of rental tools used in drilling and workover operations. Superior Energy Services was founded in 1991 and is based in Houston, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Energy Services and Equipment) 5 of 5
Type (Merger) 1 of 1
State (Texas) 2 of 2
Country (United States) 4 of 4
Year (2011) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-06 Gulf of Mexico Stimulation & Sand Control Business

Houston, Texas, United States

Gulf of Mexico Stimulation & Sand Control Business,includes two stimulation vessels (the HR Hughes and Blue Ray) and the BJ Services sand control completion tools product line, including a state-of-the-art tool and screen manufacturing facility and technology center in Houston, Texas.

Buy $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-30 Superior Energy Services - 18 liftboats

United States

Superior's liftboats support a broad range of well intervention, maintenance, decommissioning and construction services for offshore crude oil and natural gas production. All of the liftboats are currently located in the U.S. Gulf of Mexico.

Sell $143M
Mergr

Product

Company

Legal