M&A Deal Summary

Trendsetter Engineering Acquires Innovex International - Subsea Tree product line

On July 1, 2025, Trendsetter Engineering acquired energy services and equipment company Innovex International - Subsea Tree product line from Innovex

Acquisition Highlights
  • This is Trendsetter Engineering’s 1st transaction in the Energy Services and Equipment sector.
  • This is Trendsetter Engineering’s 1st transaction in the United States.

M&A Deal Summary

Date 2025-07-01
Target Innovex International - Subsea Tree product line
Sector Energy Services and Equipment
Buyer(s) Trendsetter Engineering
Sellers(s) Innovex
Deal Type Divestiture

Target

Innovex International - Subsea Tree product line

United States
Innovex International's Subsea Tree product line includes HXT Horizontal Subsea Tree, SBTe SingleBore Vertical Subsea Tree, VXTe Vertical Subsea Tree, DualBore Vertical Subsea Tree, ConcentricBore Vertical Subsea Tree, and others.

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Buyer(S) 1

Buyer

Trendsetter Engineering

Houston, Texas, United States

Category Company
Founded 1996
Sector Energy Services and Equipment
DESCRIPTION

Trendsetter Engineering is a provider of specialized subsea solutions to the oil and gas industry's toughest challenges. Trendsetter Engineering specialize in solving unconventional problems with conventional field-proven technology. Trendsetter Engineering was founded in 1996 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Innovex

Humble, Texas, United States

Category Company
Founded 2016
Sector Energy Services and Equipment
Employees2,638
Revenue 660M USD (2024)
DESCRIPTION

Innovex specializes in engineered well construction solutions for the oil and gas industry. Innovex designs and manufactures offshore drilling and production equipment, offering a portfolio that spans the entire well lifecycle from planning to production. Innovex is based in Humble, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-02 Citadel Casing Solutions

Houston, Texas, United States

Citadel Casing Solutions offers a full range of cementing and casing products. Citadel Casing Solutions was founded in 2016 and is based in Houston, Texas.

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