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Announced

21 Oct 2018

Blackstone acquires Ulterra from American Securities

Synopsis

Blackstone, a global private equity firm, acquired Fort Worth, Texas-headquartered Ulterra Drilling Technologies, a manufacturer of oil drilling equipment, for $700m. Blackstone is buying the firm from fellow private equity house American Securities, which itself acquired the business in 2016.

Principals

target

Ulterra Drilling Technologies

bidder

Blackstone Group

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Market Context

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Seller Team (3)

ron thomason

CFO at ULTERRA DRILLING TECHNOLOGIES

Manager

target

Deal

£ 536 M

Total Value

johnny everett

President at ULTERRA DRILLING TECHNOLOGIES

Manager

target

Deal

£ 536 M

Total Value

jack castle

COO at ULTERRA DRILLING TECHNOLOGIES

Manager

target

Deal

£ 536 M

Total Value

Bidder Team (2)

michael chae

CFO at BLACKSTONE GROUP INC

Investor

bidder

Deals

£ 161.24 B

Total Value

stephen schwarzman

Chairman and CEO at BLACKSTONE GROUP INC

Investor

bidder

183

Deals

£ 293.39 B

Total Value

Vendor Team (1)

michael fisch

Managing Partner at AMERICAN SECURITIES LLC

Investor

vendor

Deals

£ 7.66 B

Total Value

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