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  6. Well Support Division - John Wood Group Acquires ERC Industries

M&A Deal Summary

Well Support Division - John Wood Group Acquires ERC Industries

On July 1, 2000, Well Support Division - John Wood Group acquired energy services and equipment company ERC Industries

Acquisition Highlights
  • This is Well Support Division - John Wood Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is Well Support Division - John Wood Group’s 1st transaction in the United States.
  • This is Well Support Division - John Wood Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2000-07-01
Target ERC Industries
Sector Energy Services and Equipment
Buyer(s) Well Support Division - John Wood Group
Deal Type Add-on Acquisition

Target

ERC Industries

Houston, Texas, United States
ERC Industries, Inc. remanufactured oilfield wellhead equipment to rigorous standards, tested and installed the units in the oil field. The Company was sold to a European oilfield equipment and service company.

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Buyer(S) 1

Buyer

Well Support Division - John Wood Group

United Kingdom
Category Company
Sector Energy Services and Equipment
Employees3,800
Revenue 947M USD (2010)
DESCRIPTION

Wood Group's Well Support division is comprised of three business platforms: ESP (electric submersible pumps), Pressure Control (surface wellhead and flow control systems) and Logging Services (wireline logging).

DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2000 M&A 1 of 1
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