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New Deal


Announced

Completed

Ashtead Technology completed the acquisition of Aqua-Tech Solutions.

Financials

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

Tags

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United States

subsea rentals

Friendly

Single Bidder

equipment rental

Private

Equipment Rental

Majority

Acquisition

Completed

Synopsis

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Ashtead Technology, which provides subsea equipment solutions, completed the acquisition of Aqua-Tech Solutions, a Louisiana-based subsea equipment rental and cutting services specialist. Financial terms were not disclosed. "This is an exciting time for the business. The opportunities offered by becoming part of the Ashtead Technology group will enable us to deliver a broader range of equipment and project services to our clients. It also opens us up to wider international market prospects where clients are looking for the range of specialist cutting equipment and personnel we can provide," Jared Deculus, Aqua-Tech Solutions President.

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