M&A Deal Summary

Vertice Oil Tools Acquires MorphPackers

On December 2, 2022, Vertice Oil Tools acquired packaging company MorphPackers from EV Private Equity

Acquisition Highlights
  • This is Vertice Oil Tools’ 1st transaction in the Packaging sector.
  • This is Vertice Oil Tools’ 2nd transaction in the United States.
  • This is Vertice Oil Tools’ 2nd transaction in Texas.

M&A Deal Summary
Date 2022-12-02
Target MorphPackers
Sector Packaging
Buyer(s) Vertice Oil Tools
Sellers(s) EV Private Equity
Deal Type Add-on Acquisition

Target

MorphPackers

Stafford, Texas, United States
MorphPackers is specialized in zonal isolation, frac, re-frac and production packers for the global oil and gas sector. MorphPackers is based in Stafford, Texas.

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Buyer(S) 1

Buyer

Vertice Oil Tools

Stafford, Texas, United States
Category Company
Founded 2017
Sector Energy Services and Equipment
DESCRIPTION

Vertice Oil Tools is an oilfield products and services company specializing in downhole completions tools. Vertice’s proprietary Edge plug is a patented, “ball-less” frac plug, enabling operators to frac without pump-down fluid while providing a bypass contingency in the event of misfires or presets. Vertice Oil Tools was founded in 2017 and is based in Stafford, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 Gryphon Oilfield Solutions - Completions Assets

Houston, Texas, United States

Gryphon Completions bunsess includes TM Anchor / Catcher, DT-2 On-off Tool and Circulating Tubing Swivel. The TM Anchor / Catcher is a retrievable positive action anchor tool to hold tubing strings in tension or compression during pump strokes to prevent tubing buckling. The DT-2 On/Off Tool is a tubing receptacle allowing isolation of a lower zone using a wireline blanking plug. The Circulating Tubing Swivel minimizes friction to ease rotation and reduce the possibility of backing off the top collar.

Buy -

Seller(S) 1

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 28 of 32
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 19 of 23
State (Texas) 4 of 5
Country (United States) 6 of 7
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Motive Offshore Group

Aberdeenshire, United Kingdom

Motive Offshore Group specializes in the manufacture, rental, and inspection of high-quality marine equipment to the onshore and offshore oil and gas and marine industries. Motive Offshore Group was founded in 2010 and is based in Aberdeenshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 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.

Sell -
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