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Investment Summary

TPH Partners and EV Private Equity Exits Ingrain

On July 1, 2017, Halliburton invested in information technology company Ingrain from TPH Partners and EV Private Equity

Investment Highlights
  • This is Halliburton’s 2nd transaction in the Information Technology sector.
  • This is Halliburton’s 15th transaction in the United States.
  • This is Halliburton’s 9th transaction in Texas.

Investment Summary
Date 2017-07-01
Target Ingrain
Sector Information Technology
Investor(s) Halliburton
Sellers(s) TPH Partners
EV Private Equity
Deal Type Add-on Acquisition

Target

Ingrain

Houston, Texas, United States
Ingrain, Inc. is a provider of analysis of reservoir rocks for the oil and gas industry through the application of digital rock physics. Ingrain’s technology is capable of providing key reservoir rock properties including porosity, absolute permeability, electrical conductivity, elastic properties, and relative permeability by using very high resolution 3-D imaging capabilities and proprietary algorithms. Ingrain was founded in 2007 and is based in Houston, Texas.

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Investor(S) 1

Investor

Halliburton

Houston, Texas, United States
Category Company
Founded 1919
Sector Energy Services and Equipment
Employees48,000
Revenue 22.9B USD (2024)
DESCRIPTION
Entrance to Halliburton's corporate headquarters in Houston, Texas.
Entrance to Halliburton's corporate headquarters in Houston, Texas.

Halliburton is a provider of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton was founded in 1919 and is based in Houston, Texas.

DEAL STATS #
Overall 19 of 21
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 15 of 16
State: Texas M&A 9 of 10
Country: United States M&A 15 of 17
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 Optiphase

Van Nuys, California, United States

Optiphase is a provider of interferometric fiber optic sensing solutions, including distributed acoustic sensing (DAS) interrogation systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 Summit ESP

Tulsa, Oklahoma, United States

Summit ESP LLC is an engineer, manufacturer, and services a complete product offering of electric submersible and surface pumping systems. Based in Tulsa, Okla., Summit has more than 500 employees in almost 30 locations across North America.

Buy -

Seller(S) 2

SELLER

TPH Partners

Houston, Texas, United States
Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

TPH Partners is a specialist private equity firm focused on mid-sized investments in the upstream, midstream and oilfield services sectors of the energy industry. TPH is a majority investor and primarily looks for control or shared control positions. TPH Partners is based in Houston, Texas.

DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 3 of 3
Country: United States M&A 4 of 4
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-12 Laurel Mountain Energy

Pittsburgh, Pennsylvania, United States

Laurel Mountain Energy is an operator of independent upstream company focused on the acquisition and development of oil and gas properties across the Appalachian Basin, with a primary focus on the Marcellus, Upper Devonian and Utica formations in Western Pennsylvania. Laurel Mountain Energy was founded in 2015 and is based in Pittsburgh, Pennsylvania.

Buy -
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 18 of 33
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 24
State: Texas M&A 1 of 6
Country: United States M&A 3 of 8
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-13 Romar-Abrado

Aberdeenshire, United Kingdom

Romar-Abrado specializes in the provision of innovative, cost-effective technologies associated with magnetic separation, decontamination of drilling fluids, and spill prevention and containment. Romar-Abrado is based in Aberdeenshire, United Kingdom.

Buy -
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