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Announced

Completed

CSL Capital completed the acquisition of the laboratory services business of Weatherford International for $205m.

Financials

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Transaction Value£156m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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geological analysis

Private

Private Equity

United States

Oil Equipment and Services

laboratory services

oilfield services

Acquisition

Domestic

Majority

Completed

Friendly

Single Bidder

Synopsis

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CSL Capital, an investment firm focused on energy services and equipment businesses, completed the acquisition of the laboratory services business of Weatherford International, a multinational oilfield service company, for $205m. "We are happy to have signed an agreement with a group led by CSL Capital Management, who has a strong track record of investing in upstream oilfield services and who recognizes the importance of continuing our commitment to providing the highest level of service to our customers," Mark A. McCollum, Weatherford President and CEO.

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