Chevron completes purchase of Petrobras’ Pasadena system
Chevron Corp. recently completed a $350 million purchase of a refinery in the Pasadena, Texas, from Brazil’s national oil company, Petrobras. The Pasadena refinery is the second on the U.S. Gulf Coast for Chevron, which is based in San Ramon, California. Chevron plans for the refinery to process sweet crude coming from its oil fields […]
Anadarko to be acquired by Occidental
Anadarko Petroleum Corp. recently entered into a definitive merger agreement with Occidental Petroleum Corp. under which Occidental will acquire all of the outstanding shares of Anadarko for consideration consisting of $59 in cash and 0.2934 of a share of Occidental common stock per share of Anadarko common stock. Prior to entering into the merger agreement […]
Canadian Natural Resources Limited acquires Devon Canada Corp. for C$3.78B
Canadian Natural Resources Limited has entered into an agreement, subject to regulatory approval, to acquire substantially all of the assets of Devon Canada Corporation, for a cash purchase price of C$3.775 billion, with an effective date of January 1, 2019 and a targeted closing date of June 27, 2019. Devon’s high quality land and production are […]
BearCom strengthens Lone Star presence with Kay Electronics
Kay Electronics, with two locations in Southeast Texas, recently joined the BearCom Group Inc. family. With the addition of the Kay locations, BearCom now boasts seven strategic locations across Texas. The combined teams will strengthen and expand BearCom’s resources throughout the Lone Star State, the Gulf Coast region and beyond. Kay Electronics is a Motorola […]
Aqua-Aerobic Systems Inc. acquires FUCHS Enprotec GmbH
Aqua-Aerobic Systems Inc. has completed the acquisition of all shares in FUCHS Enprotec GmbH, based in Mayen, Germany. This acquisition strengthens both Aqua- Aerobic Systems and FUCHS Enprotec’s ability to provide product offerings for aeration and mixing, sludge digestion and biofiltration to their worldwide customers and further enhances a 50-year history of providing aeration solutions. […]
Bullard unveils acquisition of Darix
Bullard recently unveiled the acquisition of Switzerlandbased Darixâ¢, an award-winning spinoff of the Swiss Federal Institute of Technology in Lausanne focusing on improving the situational awareness of professionals in critical environments. Darix, founded in 2017, is composed of a team of specialists in image processing and software, user experience and design, microelectronics and rapid prototyping, […]
Crosby to acquire Gunnebo Industries
The Crosby Group has entered into an agreement to acquire Gunnebo Industrier Holding AB from Segulah, a Nordic private equity firm, and that all closing conditions have been satisfied. Gunnebo Industries is a global leader in innovating, developing, manufacturing and selling products for material handling and other related applications. “Given our shared commitment to safe […]
Gravity acquires Bakken disposal infrastructure from MBI Oil & Gas
Gravity Oilfield Services Inc., backed by affiliates of Clearlake Capital Group LP, recently acquired certain water disposal infrastructure from MBI Oil & Gas LLC. The acquisition further strengthens Gravity’s existing water management solutions in the Bakken while expanding the company’s relationships with the region’s most active operators. The transaction enhances Gravity’s scale within its permanent […]
Preformed Line Products acquires SubCon Electrical Fittings GmbH
Preformed Line Products Co. has acquired SubCon Electrical Fittings GmbH. The acquisition of SubCon will strengthen Preformed’s position in the global substation market and will expand its operational presence in Europe. Preformed CEO and President Rob Ruhlman stated, “The acquisition of SubCon greatly enhances our technical expertise in the areas of high-voltage AC and DC […]
B&G Crane Service to be acquired by Maxim Crane Works
Maxim Crane Works LP and B&G Crane Service LLC have entered into an agreement pursuant to which Maxim will acquire B&G Crane, an indirect wholly owned subsidiary of NCSG. Following the closing, Maxim will begin integrating B&G Crane with its existing operating business. Customers will continue to receive the same high-quality service they have come […]
Cimarex closes acquisition of Resolute Energy
Cimarex Energy Co. recently completed its acquisition of Resolute Energy Corp. Resolute stockholders were able to elect to receive all cash, all stock or a combination of the two, subject to proration, so that the aggregate merger consideration consisted of no more than 60-percent shares of Cimarex Common Stock and 40-percent cash, based on the […]
Sierra Monitor to be acquired by MSA Safety to expand reach
Sierra Monitor Corp., a provider of Industrial Internet of Things (IIoT) solutions that connect and protect high-value infrastructure assets, has signed a definitive agreement to be acquired by MSA Safety Inc. Under terms of the agreement, Sierra Monitor Corp. will become an indirect wholly owned subsidiary of MSA Safety. “MSA Safety is a recognized leader […]
DISA adds two companies to expand reach
DISA Global Solutions recently acquired The Transportation Advisor and the assets of EGS Financial Investigative Services (FIS). The Transportation Advisor administers DOT and corporate drug and alcohol testing programs primarily in the Northeast and across the U.S. Its client base includes trucking companies, pipeline and utility contractors, and operators. This transportation-focused acquisition is complementary to […]
Benefits of a leveraged recapitalization
The following is a hypothetical scenario whereby Mr. Gary Reasons, the 55-year-old owner of Reasons Cleaning Corp., would recapitalize his company through a leveraged recapitalization versus selling his company outright. Reasons Cleaning was founded in 1987 and provides tank cleaning services to oil and gas companies located in the Gulf Coast region. The company generates […]
IVS assists In Thompson’s acquisition of Petrochem Services Group
Thompson Industrial recently acquired Petrochem Services Group (PSG), expanding Thompson’s presence in Houston and strengthening PSG’s ability to meet all customers’ specialty industrial cleaning needs. IVS Investment Banking, a leading provider of merger and acquisition (M&A), recapitalization, management-led buyout, private placement and consulting services, advised in the transaction. “PSG’s strong safety, quality and integrity focus […]
NV5 strengthens energy services by acquiring Celtic Energy
HOLLYWOOD, Fla. — NV5 Global Inc. has acquired Celtic Energy Inc., a nationally recognized energy consulting firm that specializes in energy project management and oversight. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings. Dickerson Wright, chairman and CEO of NV5, said, “This tuck-in acquisition […]
