M&A Deal Summary

Superior Energy Services Acquires Rival Downhole Tools

On February 28, 2025, Superior Energy Services acquired energy services and equipment company Rival Downhole Tools from EV Private Equity

Acquisition Highlights
  • This is Superior Energy Services’ 6th transaction in the Energy Services and Equipment sector.
  • This is Superior Energy Services’ 5th transaction in the United States.
  • This is Superior Energy Services’ 3rd transaction in Texas.

M&A Deal Summary

Date 2025-02-28
Target Rival Downhole Tools
Sector Energy Services and Equipment
Buyer(s) Superior Energy Services
Sellers(s) EV Private Equity
Deal Type Add-on Acquisition

Target

Rival Downhole Tools

Houston, Texas, United States
Rival Downhole Tools rents, sells, and services best-in-class drilling and thru-tubing downhole tools to the upstream oil and gas industry. Rival Downhole Tools was founded in 2017 and is based in Houston, Texas.

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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 6 of 6
Sector (Energy Services and Equipment) 6 of 6
Type (Add-on Acquisition) 4 of 4
State (Texas) 3 of 3
Country (United States) 5 of 5
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Production Management Industries

Morgan City, Louisiana, United States

Production Management Industries LLC is a provider of cleaning and environmental services to oilfield companies in the Gulf of Mexico and Texas. Production Management Industries is based in Morgan City, Louisiana.

Sell -

Seller(S) 1

SELLER

EV Private Equity

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 1.0B NOK
Size Small
Type Sector Focused
DESCRIPTION

Energy Ventures is an independent venture capital firm that manages/advises four venture funds. It actively seeks early- to mid-stage investments in technology companies that deliver a marketable, proprietary product or service in the upstream oil and gas sector. Energy Ventures focuses on investments based in the North Sea area or North America with an international orientation. Established in 2002, Energy Ventures is based in Stavanger, Norway with additional offices in Aberdeen, UK, and Houston, Texas.


DEAL STATS #
Overall 33 of 33
Sector (Energy Services and Equipment) 21 of 21
Type (Add-on Acquisition) 24 of 24
State (Texas) 6 of 6
Country (United States) 8 of 8
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 Deep Casing Tools

Westhill, United Kingdom

Deep Casing Tools is an oil and gas technology development company providing unique and innovative downhole technology solutions to customers worldwide. Its products facilitate running casing and completion strings to targeted depth reducing well cost and improving well integrity and reservoir contact. Deep Casing Tools was formed in 2008 and is based in Westhill, United Kingdom.

Sell -