M&A Deal Summary

Tubos Reunidos Acquires Rotary Drilling Tools USA

On September 5, 2016, Tubos Reunidos acquired energy services and equipment company Rotary Drilling Tools USA from OFS Energy Fund for 20M EUR

Acquisition Highlights
  • This is Tubos Reunidos’ 1st transaction in the Energy Services and Equipment sector.
  • This is Tubos Reunidos’ 0th largest (disclosed) transaction.
  • This is Tubos Reunidos’ 1st transaction in the United States.
  • This is Tubos Reunidos’ 1st transaction in Texas.

M&A Deal Summary

Date 2016-09-05
Target Rotary Drilling Tools USA
Sector Energy Services and Equipment
Buyer(s) Tubos Reunidos
Sellers(s) OFS Energy Fund
Deal Type Add-on Acquisition
Deal Value 20M EUR

Target

Rotary Drilling Tools USA

Beasley, Texas, United States
Rotary Drilling Tools USA manufactures, services and repairs downhole drilling tools and other OCTG products. All manufacturing is conducted at the company’s headquarters in Beasley,TX while additional service and repair facilities are located in Rifle, Colo.; Evanston, Wyo.; Mexico and Colombia. Rotary Drilling Tools USA was founded in 2006 and is based in Beasley, Texas.

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Buyer(S) 1

Buyer

Tubos Reunidos

Amurrio, Spain

Category Company
Founded 1892
Sector Energy Services and Equipment
Employees1,387
Revenue 533M EUR (2023)
DESCRIPTION

Tubos Reunidos manufactures, processes, and distributes seamless steel pipes in North America, the European Union, the Far East, the Middle East, Africa, and internationally. Tubos Reunidos was founded in 1892 and is based in Amurrio, Spain.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

OFS Energy Fund

Houston, Texas, United States

Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

OFS Energy Fund is a private equity fund focused on acquiring and growing lower middle market energy service companies. OFS seeks at least $15 million in companies generating revenue of $5 to $100 million and EBITDA of $1 to $20 million. OFS also looks to provide debt financing to private and public companies as well. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth capital financings, and special situations. OFS Energy is managed by Dorado Energy Partners LLC. The Firm was founded in 2008 and is based in Houston, Texas.


DEAL STATS #
Overall 4 of 12
Sector (Energy Services and Equipment) 2 of 6
Type (Add-on Acquisition) 3 of 5
State (Texas) 3 of 9
Country (United States) 4 of 12
Year (2016) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 Allied Power Group

Houston, Texas, United States

Allied Power Group is an independent provider of aftermarket maintenance and repair solutions for heavy-frame IGTs, primarily serving the electric utility industry. APG’s fully-integrated offering includes engineered inspections and repairs, specialized coatings, precision manufacturing of replacement components, experienced field service professionals, multi-faceted rotor repair, and an expansive inventory of refurbished parts. Allied Power Group was founded in 2005 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-30 Century Corrosion Technologies

Houston, Texas, United States

Century Corrosion Technologies provides coating services and specialty corrosion control products to critical application industrial and oilfield equipment manufacturers. In addition to a full range of wet and thermal cured coatings, Century also has unique capabilities for thermal spray aluminum and zinc. Century also has heavy lift equipment and high bay storage on its 10-acre facility to handle very large equipment. Century Corrosion Technologies was founded in 1969 and is based in Houston, Texas.

Sell -