2
September 2014
Notable M&A Activity
Capital Markets
8/1/14. Worthington Industries, Inc.
(NYSE:WOR) acquired Midstream
Equipment Fabrication, LLC for $40
million.
Midstream Equipment Fabrication
manufactures and markets horizontal heated
and high pressure separators used to
separate oilfield fluids and gas.
Energy Industry Snapshot
8/1/14. Anchor Drilling Fluids USA, Inc. acquired substantially all of the assets of Specialty Oilfield Solutions, LLC
for $30 million.
Specialty Oilfield Solutions, LLC provides specialty chemicals and drilling fluids to independent oil and gas
companies in the US.
7/31/14. U.S. Silica Holdings, Inc. (NYSE:SLCA) acquired Cadre Services, Inc. for $98 million.
Cadre Services
produces frac–sand proppants for oil and natural gas applications.
7/2/14. A majority stake of Fluid Delivery Solutions, LLC was acquired by Trilantic Capital Partners, First Trust
Capital Partners and Volant Energy Partners. Terms of the agreement were not disclosed.
Fluid Delivery Solutions will
continue to be led by CEO Dan Dunkelberg and the management team will retain a meaningful stake in the business going
forward. The company engages in the development, design and operation of fluid transfer services.
6/26/14. New Source Energy Partners L.P. (NYSE:NSLP) acquired Erick Flowback Services, LLC and Rod's
Production Services, LLC from Brian N. Austin and J. Mark Snodgrass for approximately $116.8 million.
The
company is based in Oklahoma City, OK.
6/17/14. Aly Energy Services, Inc. (OTCPK:ALYE) signed a definitive purchase agreement to acquire Evolution
Guidance Systems Inc. from Thor Eckmann and Henry Iwunze for $1.7 million.
The transaction will be funded with 3
million shares equity raised at $0.55 per share in April 2014. The transaction is valued at EBITDA multiple of 9.7. Evolution
Guidance Systems Inc. provides measurement while drilling (MWD) and logging while drilling (LWD) tools, services and
training to the oil and gas sector.
Source: Public Filings; Industry Newswires and Capital IQ as of 8/20/14
% Change
4 Week
YTD 52 Week
Oil & Gas Services Index
(3.9%)
21.4% 35.9%
Oil & Gas Logistics Index
(3.2%)
20.5% 27.2%
Inbound Oil & Gas Buyers Index
(3.4%)
4.6% 21.2%
International Energy Firms Index
(2.1%)
11.3% 16.0%
S&P 500
(0.0%)
7.5% 20.2%
Oil & Gas Services Index:
NYSE:BHI, NYSE:WFT, NYSE:CAM, NYSE:DO, NYSE:CKH
Oil & Gas Logistics Index:
LSE:GLEN, CPSE:MAERSK B, NYSE:HAL, TSE:9101, NYSE:HOS
Inbound Oil & Gas Buyers Index:
NYSE:XOM, SEHK:857, MICEX:GAZP, LSE:BP., ENXTAM:RDSA
International Energy Firms Index:
ASX:BHP, SEHK:603, SEHK:386, BSE:530965, KOSE:A096770
