M&A Deal Summary

Tetra Technologies Acquires EPIC Divers & Marine

On March 9, 2006, Tetra Technologies acquired marine company EPIC Divers & Marine for 50M USD

Acquisition Highlights
  • This is Tetra Technologies’ 1st transaction in the Marine sector.
  • This is Tetra Technologies’ 3rd largest (disclosed) transaction.
  • This is Tetra Technologies’ 1st transaction in the United States.
  • This is Tetra Technologies’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2006-03-09
Target EPIC Divers & Marine
Sector Marine
Buyer(s) Tetra Technologies
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

EPIC Divers & Marine

Belle Chasse, Louisiana, United States
EPIC Divers & Marine LLC offers a full complement of commercial diving services and operates a fleet of marine vessels, including saturation dive units capable of supporting saturation diving up to 1,000 feet below sea level.

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Buyer(S) 1

Buyer

Tetra Technologies

The Woodlands, Texas, United States
Category Company
Founded 1981
Sector Energy Services and Equipment
Employees1,500
Revenue 626M USD (2023)
DESCRIPTION
Tetra Technologies' corporate headquarters in The Woodlands, Texas.
Tetra Technologies' corporate headquarters in The Woodlands, Texas.

Tetra Technologies is a geographically diversified oil and gas services company focused on completion fluids and associated products and services, water management, after-frac flow back, production well testing, offshore rig cooling, compression based production enhancement, and selected offshore services, including well plugging and abandonment, decommissioning, and diving. Tetra Technologies was founded in 1981 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 1 of 5
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Louisiana) 1 of 1
Country (United States) 1 of 3
Year (2006) 1 of 1
Size (of disclosed) 3 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-09 Optima Solutions UK

Aberdeen, United Kingdom

Optima is a provider of rig cooling services and associated products that suppress heat generated by the high-rate flaring of hydrocarbons during offshore well test operations

Buy £40M
Mergr

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