M&A Deal Summary

TechnipFMC Acquires Pure Energy Services

On August 20, 2012, TechnipFMC acquired energy services and equipment company Pure Energy Services for 282M CAD

Acquisition Highlights
  • This is TechnipFMC’s 3rd transaction in the Energy Services and Equipment sector.
  • This is TechnipFMC’s 2nd largest (disclosed) transaction.
  • This is TechnipFMC’s 2nd transaction in Canada.
  • This is TechnipFMC’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2012-08-20
Target Pure Energy Services
Sector Energy Services and Equipment
Buyer(s) TechnipFMC
Deal Type Add-on Acquisition
Deal Value 282M CAD
Advisor(s) AltaCorp Capital (Financial)
Blake, Cassels & Graydon (Legal)

Target

Pure Energy Services

Calgary, Alberta, Canada
Pure is an oilfield services company that provides well completion and abandonment services to oil and gas exploration and development entities in the Western Canadian Sedimentary Basin and certain regions of the United States.

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Buyer(S) 1

Buyer

TechnipFMC

Newcastle Upon Tyne, United Kingdom
Category Company
Founded 2015
Sector Energy Services and Equipment
Employees21,000
Revenue 7.8B USD (2023)
DESCRIPTION
Entrance to FMC Technologies' corporate headquarters in Houston, Texas.
Entrance to FMC Technologies' corporate headquarters in Houston, Texas.

TechnipFMC is a subsea provider of systems, technologies, and services to the oil and gas industry. TechnipFMC helps exploration and production customers overcome difficult challenges with onshore and offshore drilling. TechnipFMC was founded in 2015 and is based in Newcastle Upon Tyne, United Kingdom.

DEAL STATS #
Overall 7 of 11
Sector (Energy Services and Equipment) 3 of 6
Type (Add-on Acquisition) 6 of 7
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2012) 3 of 3
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-25 Schilling Robotics

Davis, California, United States

Schilling Robotics, a robotics company, its customers include offshore oilfield equipment and service providers such as Acergy UK Ltd, Bourbon Subsea Services, Expro North Sea Ltd, and Oceaneering International. Schilling is headquartered in Davis, California and has regional offices in Houston, Texas and Aberdeen Scotland, with a total staff of more than 300.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-24 Syntron Material Handling

Saltillo, Mississippi, United States

Syntron Material Handling LLC is a manufacturer of a diversified product line of conveyor and vibratory equipment used to load, transport and feed bulk materials. Syntron Material Handling was formed in 2014 and is based in Saltillo, Mississippi.

Sell -
Mergr

Product

Company

Legal