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Announced

Completed

Cactus completed the acquisition of FlexSteel for $621m.

Financials

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Transaction Value£514m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Single Bidder

Acquisition

Friendly

Household Furnishings

home furnishings

United States

Majority

Completed

Synopsis

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Cactus, a company designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment, completed the acquisition of FlexSteel, a company designs, manufactures, sells and installs highly engineered spoolable pipe technologies, for $621m. “We believe the acquisition of FlexSteel offers a unique opportunity for Cactus and enhances our position as a premier manufacturer of spoolable pipe technologies delivered directly to our industry’s end-users. We are excited about the ability to add these specialized products, technologies and associates to the Cactus family,” Scott Bender, Cactus President and CEO.

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