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New Deal


Announced

Petrofac to acquire W&W Energy Services for $25m.

Financials

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Transaction Value£19m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA3.75x
Share Price Premium-
One Off Charge-

Tags

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Friendly

maintenance services

Majority

Private

United States

Acquisition

Single Bidder

oil services

Oil Equipment and Services

Pending

Synopsis

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Petrofac, a provider of oilfield services to the international oil and gas industry, agreed to acquire W&W Energy Services, which offers Maintenance, Repair & Overhaul and Pipeline tie-in services in the Permian Basin, for $25m. This bolt-on acquisition is in line with Petrofac's stated strategy to position Engineering & Production Services for growth by diversifying into new markets and geographies.

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