Gordon Technologies Acquires Vertex Downhole Trading LLC (Vertex UAE)

ADNOC Drilling / Alpha Dhabi JV (Enersol) Acquires 25% Stake in Gordon Technologies

January 9, 2024

Energy

ADNOC Drilling and Alpha Dhabi have incorporated a joint venture (Enersol) at Abu Dhabi Global Market and completed the JV's inaugural strategic investment by transferring Alpha Dhabi’s 25% equity stake in US-based Gordon Technologies into the JV (valued at roughly $180 million). The move gives the JV an equity position in a leading measurement-while-drilling (MWD) technology provider and is intended to accelerate capability expansion in tech-enabled energy services and optimise drilling operations for ADNOC Drilling.

Gordon Technologies Acquires Lodestar International and MaxWell Downhole Technology

December 7, 2020

Energy

Gordon Technologies LLC, a Pelican Energy Partners–backed provider of measurement-while-drilling (MWD) and vibration-mitigation tools, has acquired Lodestar International, LLC and its wholly owned subsidiary MaxWell Downhole Technology Limited. The deal adds Lodestar's downhole dynamics-while-drilling (DWD) measurement tools and international R&D/service capabilities to Gordon's existing product portfolio as an add-on to expand capabilities and product offerings.

Alpha Dhabi Holding Takes 25% Minority Stake in Gordon Technologies

November 15, 2022

Oil & Gas

Alpha Dhabi Holding acquired a 25% minority equity interest in Gordon Technologies in an all-cash transaction that provides partial liquidity to Gordon's legacy shareholders. The investment is intended to support Gordon's continued domestic fleet expansion and enable international growth, particularly into the Middle East.

Gordon Technologies Acquires Paisano Labs

August 3, 2023

Energy

Gordon Technologies LLC, a U.S. provider of measurement-while-drilling (MWD) systems, has acquired Paisano Labs, LLC, a Houston-based designer and manufacturer of LWD gamma detectors and propagation resistivity tools. The acquisition is intended to vertically integrate Gordon's supply chain and expand its proprietary MWD/LWD sensing and electronics capabilities to improve product reliability and availability.

Vertice Oil Tools Acquires Completions Assets of Gryphon Oilfield Solutions

October 26, 2021

Oil & Gas

Vertice Oil Tools, a Stafford, Texas–based downhole completions technology provider backed by SCF Ventures, acquired substantially all of the completions assets of Gryphon Oilfield Solutions. The deal expands Vertice's geographic footprint and augments its product portfolio with Gryphon's suite of downhole completion technologies, including dissolvable plugs and sleeves.

Pelican Energy Partners / Gordon Technologies Acquires Noralis

July 31, 2020

Oil & Gas

Pelican Energy Partners announced the acquisition of Noralis, Inc. as an add-on to the Gordon Technologies platform to broaden its measurement-while-drilling (MWD) product offering and accelerate new product development. Noralis will operate as a wholly owned subsidiary within the Gordon platform, enabling a combined mechanical and electrical MWD offering and supporting international expansion.