M&A Deal Summary

Vallourec Acquires Thermotite do Brasil

On September 16, 2024, Vallourec acquired energy services and equipment company Thermotite do Brasil from Mattr Infratech for 18M USD

Acquisition Highlights
  • This is Vallourec’s 4th transaction in the Energy Services and Equipment sector.
  • This is Vallourec’s 3rd largest (disclosed) transaction.
  • This is Vallourec’s 2nd transaction in Brazil.

M&A Deal Summary
Date 2024-09-16
Target Thermotite do Brasil
Sector Energy Services and Equipment
Buyer(s) Vallourec
Sellers(s) Mattr Infratech
Deal Type Divestiture
Deal Value 18M USD

Target

Thermotite do Brasil

Serra, Brazil
Thermotite do Brasil is a specialized provider of thermal insulation pipe coating services for the offshore oil and gas industry. Thermotite do Brasil is based in Serra, Brazil.

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Buyer(S) 1

Buyer

Vallourec

Meudon, France
Category Company
Founded 1895
Sector Energy Services and Equipment
Employees15,000
Revenue 4.9B EUR (2022)
DESCRIPTION

Vallourec through its subsidiaries, provides tubular solutions primarily for the energy markets and other industrial applications in Europe, North America, South America, Asia, and internationally. Vallourec was founded in 1895 and is based in Meudon, France.

DEAL STATS #
Overall 6 of 6
Sector (Energy Services and Equipment) 4 of 4
Type (Divestiture) 3 of 3
Country (Brazil) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Valinox Nucleaire

Montbard, France

Valinox Nucleaire is specialized in the manufacturing of tubes for nuclear islands. Valinox Nucléaire is located at the French production facility in Montbard (Burgundy, Côte d’Or).

Sell -

Seller(S) 1

SELLER

Mattr Infratech

Toronto, Ontario, Canada
Category Company
Sector Energy Services and Equipment
Employees5,938
Revenue 925M CAD (2023)
DESCRIPTION

Mattr Infratech is a growth-oriented, global energy services company that operates through eight divisions which focus on technology-based products and services for the pipeline and pipe services market and the petrochemical and industrial market with manufacturing and service facilities located in over fifteen countries around the world. Mattr Infratech is based in Toronto, Ontario.

DEAL STATS #
Overall 5 of 5
Sector (Energy Services and Equipment) 5 of 5
Type (Divestiture) 5 of 5
Country (Brazil) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 Bredero Shaw

Leiden, Netherlands

Bredero Shaw is a pipe coating business that includes nine plants located in Canada, Mexico, Norway, Indonesia, the UAE, and the US, and several mobile concrete plants. The business also includes R&D facilities in Toronto and Norway and a wide IP/product portfolio. Bredero Shaw is based in Leiden, Netherlands.

Sell $166M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-08 AmerCable

El Dorado, Arkansas, United States

AmerCable is a manufacturer of electrical power cables used in severe operating environments such as offshore drilling platforms and mines as well as specialized applications for automotive robotics and telecommunications. AmerCable was founded in 1899 and is based in El Dorado, Arkansas.

Buy $280M
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