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Announced

Completed

Keane completed its merger with C&J for $1.8bn.

Financials

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Transaction Value£1,428m
Consideration TypeOrdinary Shares, Special Dividend
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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engineering solutions

Friendly

well construction

rig servicing

Private

Merger

United States

Oil Equipment and Services

Single Bidder

Majority

Completed

Synopsis

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Keane Group, one of the largest pure-play providers of integrated well completion services in the US, completed its merger with C&J Energy Services, a provider of well construction and intervention, in a $1.8bn deal. "The merger of equals unites two great companies, resulting in a broader portfolio of well completion services across an even greater footprint in the US, benefiting our combined employees, shareholders, customers, suppliers, and the communities in which we operate," Robert Drummond, Chief Executive Officer of Keane.

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