M&A Deal Summary

Turbine Efficiency Acquires Gas Turbine Applications

On December 4, 2018, Turbine Efficiency acquired oil/gas exploration company Gas Turbine Applications

Acquisition Highlights
  • This is Turbine Efficiency’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Turbine Efficiency’s 1st transaction in the United States.
  • This is Turbine Efficiency’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2018-12-04
Target Gas Turbine Applications
Sector Oil/Gas Exploration
Buyer(s) Turbine Efficiency
Deal Type Add-on Acquisition

Target

Gas Turbine Applications

Calera, Oklahoma, United States
Gas Turbine Applications, Inc. is an independent service provider specializing in the Saturn and Centaur industrial gas turbines (Solar® Turbines products). GTA provides overhaul, repair and testing services for a longstanding customer base, primarily operating within the upstream and midstream sector, from its facility in Calera, OK. Gas Turbine Applications was formed in 1984 and is based in Calera, Oklahoma.

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Buyer(S) 1

Buyer

Turbine Efficiency

Lincoln, United Kingdom
Category Company
Founded 2001
Sector Oil/Gas Exploration
DESCRIPTION

Turbine Efficiency is an independent service provider on the full range of Siemens industrial gas turbines from 1–15MW. Turbine Efficiency provides a world-class service for all maintenance, repair, overhaul, and testing of your gas turbine and package. The group operates from a state-of-the-art overhaul facility in Lincoln, UK with offices in Aberdeen, Dubai & Houston, and resident Field Service Engineers in several key European locations.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
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