M&A Deal Summary

TEAM Oil Tools Acquires Chancellor Oil Tool

On September 5, 2013, TEAM Oil Tools acquired energy services and equipment company Chancellor Oil Tool

Acquisition Highlights
  • This is TEAM Oil Tools’ 1st transaction in the Energy Services and Equipment sector.
  • This is TEAM Oil Tools’ 1st transaction in the United States.
  • This is TEAM Oil Tools’ 1st transaction in California.

M&A Deal Summary

Date 2013-09-05
Target Chancellor Oil Tool
Sector Energy Services and Equipment
Buyer(s) TEAM Oil Tools
Deal Type Add-on Acquisition

Target

Chancellor Oil Tool

Bakersfield, California, United States
Chancellor Oil Tool, Inc. is a manufacturer of liner hangers, cement heads and running tools for the oil and gas industry.

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Buyer(S) 1

Buyer

TEAM Oil Tools

The Woodlands, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

TEAM Oil Tools LP is a designer, manufacturer and installer of completions products for the oil and gas sector. Team’s core products include ORIO toe valves, liner hangers, packers, composite frac plugs, swellable packers and patented cemented sleeves for hydraulic fracturing applications. The company is headquartered in The Woodlands, Texas and has manufacturing operations in Conroe, Texas. Team has 9 service centers located across the U.S., including in the Permian Basin, South Texas, Williston Basin, Mid Continent, Appalachia and ArkLaTex regions.


DEAL STATS #
Overall 1 of 4
Sector (Energy Services and Equipment) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (California) 1 of 1
Country (United States) 1 of 4
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 Schlehuber Oil Tools

Denver City, Texas, United States

Schlehuber Oil Tools LLC provides completion tools, service tools and fishing and rental services.

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