M&A Deal Summary

Team Acquires Furmanite

On March 1, 2016, Team acquired energy services and equipment company Furmanite

Acquisition Highlights
  • This is Team’s 1st transaction in the Energy Services and Equipment sector.
  • This is Team’s 8th transaction in the United States.
  • This is Team’s 4th transaction in Texas.

M&A Deal Summary
Date 2016-03-01
Target Furmanite
Sector Energy Services and Equipment
Buyer(s) Team
Deal Type Add-on Acquisition

Target

Furmanite

Richardson, Texas, United States
Furmanite Corp. is a provider of an on-site and on-line plant and pipeline maintenance services in energy industry.

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Buyer(S) 1

Buyer

Team

Sugar Land, Texas, United States
Category Company
Founded 1973
Sector Energy Services and Equipment
Employees5,400
Revenue 863M USD (2023)
DESCRIPTION

Team is an industrial services company offering an array of specialized services related to the construction, maintenance, and monitoring of pressurized piping and associated systems. Team was founded in 1973 and is based in Sugar Land, Texas.

DEAL STATS #
Overall 10 of 10
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (Texas) 4 of 4
Country (United States) 8 of 8
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 QualSpec Group

Deer Park, Texas, United States

QualSpec Group is a provider of mechanical integrity inspection and non-destructive testing services for industrial facilities including refineries, petrochemical and other industrial facilities.

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