M&A Deal Summary |
|
|---|---|
| Date | 2024-02-01 |
| Target | Probe Technologies |
| Sector | Energy Services and Equipment |
| Buyer(s) | Weatherford |
| Sellers(s) | Turnbridge Capital Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 6M USD |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1972 |
| Sector | Energy Services and Equipment |
| Employees | 19,000 |
| Revenue | 5.5B USD (2024) |
Weatherford is a diversified international energy service and manufacturing company that provides a variety of services and equipment to the exploration, production, and transmission sectors of the oil and gas industry. The Company operates in virtually every oil and gas exploration and production region in the world and divides its business into two separate segments: Drilling Services and Production Systems. Weatherford was formed in 1972 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 16 |
| Sector: Energy Services and Equipment M&A | 8 of 8 |
| Type: Add-on Acquisition M&A Deals | 15 of 16 |
| State: Texas M&A | 7 of 8 |
| Country: United States M&A | 11 of 12 |
| Year: 2024 M&A | 2 of 3 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-01 |
Impact Selector International
Heath, Texas, United States Impact Selector International designs, develops, and deploys products and solutions for enhancing efficiencies and mitigating risks during oil and natural gas wellbore evaluation and intervention operations. Impact Selector International was established in 1991 and is based in Heath, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-03 |
Datagration
Houston, Texas, United States Datagration is a provider of an open, and collaborative ecosystem of domain-specific platforms that create solutions for organizations by aggregating and integrating data from disparate legacy systems, databases, and unstructured documents into a unified cloud-based or on-premise environment. Datagration is based in Houston, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 600M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Turnbridge Capital Partners is a private equity firm focused on investing in middle-market energy services and equipment providers supporting upstream, midstream, and downstream energy companies. Turnbridge will consider companies throughout North America and looks to commit $20 to $100 million in companies generating $25 to $250 million in revenue. Turnbridge prefers control investments, but will consider select minority situations. Turnbridge Capital Partners was formed in 2008 and is headquartered in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 11 |
| Sector: Energy Services and Equipment M&A | 8 of 9 |
| Type: Add-on Acquisition M&A Deals | 5 of 5 |
| State: Texas M&A | 9 of 9 |
| Country: United States M&A | 10 of 11 |
| Year: 2024 M&A | 2 of 3 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-01 |
Impact Selector International
Heath, Texas, United States Impact Selector International designs, develops, and deploys products and solutions for enhancing efficiencies and mitigating risks during oil and natural gas wellbore evaluation and intervention operations. Impact Selector International was established in 1991 and is based in Heath, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-01 |
Brigade Energy Services
Denver, Colorado, United States Brigade Energy Services is a well services company focused on providing completion, intervention, maintenance and plugging & abandonment services to the growing population of extended lateral, horizontal wellbores in the North American oil & gas industry. Brigade Energy Services was established in 2017 and is based in Denver, Colorado. |
Sell | - |
