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New Deal


Announced

Intrepid to acquire the directional drilling business of Gyrodata.

Financials

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

Sources

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Tags

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Single Bidder

Acquisition

Oil Equipment and Services

Majority

directional drilling

United States

Pending

Friendly

Private

drilling

Synopsis

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Intrepid Directional Drilling Specialists, an American oilfield firm, agreed to acquire the directional drilling business of Gyrodata, a well survey firm. Financial terms were not disclosed. “We are excited to begin the consolidation process in our segment of the industry. There needs to be and I believe there will be more consolidation,” Clint Leazer, Intrepid President.

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