Oceaneering acquires Ecosse Subsea for $69 million
Oceaneering International Inc. has expanded its service line capabilities to the growing renewable energy market with the acquisition of Ecosse Subsea Ltd. Headquartered in Aberdeen, Scotland, Ecosse builds and operates seabed preparation, route clearance and trenching tools for submarine cables and pipelines on an integrated basis that includes vessels, ROVs (remote operated underwater vehicles) and […]
Gibson Energy sells U.S. environmental services businesses
Gibson Energy Inc. has sold its U.S. environmental services businesses for $125 million, clearing the way for the energy infrastructure company to expand its Canadian oil and gas storage system. Calgary-based Gibson found two buyers, which it did not disclose, for businesses that have 1,000 employees and do everything from scrubbing oil tanks to cleaning […]
Spark Energy Inc. makes two acquisitions
Spark Energy Inc. has acquired a retail electric provider with approximately 29,000 RCEs (residential customer equivalents) serving electricity and natural gas customers in the Northeast and Midwest. The transaction is immediately accretive to 2018 earnings and requires minimal integration. Spark has also entered into an agreement with National Gas & Electric LLC, an affiliate of […]
MFG Chemical acquires Gulf Bayport Chemicals LP
MFG Chemical has acquired Gulf Bayport Chemicals LP (GBC). With headquarters in Houston and plant operations in Pasadena, Texas, GBC is a manufacturer of maleic anhydride derivatives and provides a variety of contract manufacturing, warehouse and transportation services for a range of industrial end markets. The addition of GBC brings a worldclass chemical facility in […]
ARM Energy Holdings sells Kingfisher Midstream for $1.55B
ARM Energy Holdings LLC and its partners have sold Kingfisher Midstream LLC to Silver Run Acquisition Corp. II in exchange for an aggregate consideration of up to $1.55 billion. The transaction consideration is composed of $800 million in cash, approximately $550 million in Silver Run II stock and up to $200 million in additional Silver […]
Recent mergers and acquisitions in the marketplace
Sunbelt Rentals acquires Nickell Rental Sunbelt Rentals has acquired Nickell Rental. Since 1998, Nickell Rental has served as one of the largest independent equipment rental companies in the Southeast, serving small to mid-sized contractors, homeowners and the light industrial market. This exciting development expands Sunbelt Rentals’ Georgia footprint and provides Nickell Rental’s valued customers with […]
Drillinginfo acquires Oil-Law Records
Drillinginfo, a SaaS (software as a service) and data analytics company, has acquired Oklahoma Citybased Oil-Law Records (OLR). OLR’s Source spacing database is the only fully interpreted database of spacing information in existence. With it, users can tie together historical spacing information up and down geological strata — across geography and across time — which […]
Freestone Resources, Dynamis Energy plan merger
Freestone Resources Inc. and Dynamis Energy LLC have signed a merger agreement under which Freestone and Dynamis will combine their businesses in an all-stock transaction. Upon completion of the transaction, Dynamis shareholders are expected to own 75 percent of the new combined entity (not including its existing shares) and Freestone current shareholders will own 25 […]
Shell acquires interest in Silicon Ranch Corp.
Silicon Ranch Corp. has signed an agreement to make Shell its largest shareholder. As part of the agreement, Shell will acquire a 43.83-percent interest in Silicon Ranch from global private markets investment manager Partners Group for up to $217 million in cash based on Silicon Ranch performance, with the possibility to increase its position after […]
ExxonMobil to merge refining, marketing divisions
Exxon Mobil Corp. will combine its refining and marketing operations into a single company, ExxonMobil Fuels & Lubricants Co., in the first quarter of 2018. By combining the activities of the two divisions — ExxonMobil Refining and Supply Co. And ExxonMobil Fuels, Lubricants & Specialties Marketing Co. — the company will achieve further integration to […]
Accuworx acquires CTI Group, expands Gulf Coast services
Accuworx has acquired Texas-based CTI Group as part of its plan to expand services across the U.S. The acquisition enables Accuworx to serve cities across Texas, including Pecos to cover West Texas, Yorktown to cover the Eagleford Shale, as well as Baytown and Corpus Christi to cover the waterways as an OSRO (oil spill removal […]
LyondellBasell, SUEZ purchase European plastics recycling company
LyondellBasell has entered into a definitive agreement to purchase a 50-percent stake in Quality Circular Polymers (QCP), a high-standard plastics recycling company in Sittard-Geleen, Netherlands. Under the terms of the agreement, LyondellBasell will be a 50/50 partner in QCP with SUEZ. This transaction marks the first time a major plastics and chemicals company partners with […]
BrandSafway acquires Venko Groep BV
Brand Industrial Services, known as BrandSafway, has acquired Venko Groep BV, a portfolio company of Mentha Capital, effective Jan. 1. Moving forward, the company will operate as Venko, a BrandSafway company, and become a part of Brand Energy & Infrastructure Services (Brand) in Europe. “We’re excited to announce the closing of the acquisition of Venko,” […]
New Jersey Resources to acquire Pennsylvania pipeline
New Jersey Resources (NJR) subsidiary Adelphia Gateway LLC has entered into an agreement with Talen Generation LLC to purchase all of Talen Generation’s membership interests in Interstate Energy Company LLC, which owns and operates an existing 84-mile pipeline in southeastern Pennsylvania, for an estimated $166 million, plus additional contingent payments of up to $23 million […]
Solace Capital Partners acquires CST Industries
Solace Capital Partners has acquired CST Industries Inc., one of the world’s largest leading tank and dome manufacturers. Solace Managing Partner Christopher Brothers said, “As global demand for storage tanks and covers increases, we believe CST is well positioned to leverage its scale, unique engineering and manufacturing expertise, strong and growing order backlog, and significantly […]
Clean Harbors to acquire Veolia Industrial Cleaning Services
Clean Harbors Inc. and Veolia Environmental Services North America LLC, a subsidiary of Veolia North America Inc., have signed a definitive agreement whereby Clean Harbors will acquire Veolia North America’s U.S. Industrial Cleaning Services Division for $120 million in an all-cash transaction. The acquisition is expected to close in the first quarter of 2018, subject […]
