.
MergerLinks Header Logo

New Deal


Announced

Completed

Lime Rock Partners-backed Rod and Tubing Services completed the merger with Amberjack Capital-backed Certus Energy Solutions.

Financials

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

Tags

Edit

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

Edit

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

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US