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New Deal


Announced

Wilks Brothers-backed Dawson Geophysical to acquire Breckenridge Geophysical.

Financials

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Transaction Value-
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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Pending

Acquisition

Majority

Private

United States

Environmental Consulting

seismic data

Domestic

Friendly

Single Bidder

Synopsis

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Wilks Brothers-backed Dawson Geophysical, a provider of onshore seismic data acquisition services, agreed to acquire Breckenridge Geophysical, a seismic data acquisition company. Financial terms were not disclosed. "We are excited to welcome all the Breckenridge employees to the Dawson team. They bring with them needed years of operational experience at all levels as well as long-standing customer relationships. This transaction increases our channel and vibrator energy source capacity with the addition of like equipment allowing for improved operational efficiencies. The combination will provide flexibility in executing existing projects from both companies and provide meaningful operational and cost synergies," Stephen C. Jumper, Dawson Geophysical President and CEO.

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