Announced
Completed
Financials
Tags
drill pipe inspection services
Private
Merger
United States
Completed
Oil Equipment and Services
Friendly
Acquisition
Majority
Single Bidder
Domestic
Private Equity
Test Inspection and Certification (TIC)
Synopsis
Lime Rock Partners-backed Rod and Tubing Services, a provider of tubular and sucker rod inspection and integrity services, completed the merger with Amberjack Capital-backed Certus Energy Solutions, a provider of drill pipe inspection services, tubular thread technologies, and pipe and tool rental solutions. Financial terms were not disclosed. "I am excited to combine two great, technology-minded organizations to offer customers a single-source solution for tubular and sucker rod lifecycle management. The aggregate investment to buy, rent and maintain downhole tubulars is one of the largest costs over the life of a well. Our goal is to provide oil and gas companies with unprecedented tracking and performance data to help maximize their investment," Daniel Williams, Rod and Tubing Services CEO.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.