Innovex International Acquires Citadel Casing Solutions
June 2, 2025
Innovex International, Inc. completed an all-cash acquisition of Citadel Casing Solutions, LLC, adding Citadel's differentiated downhole and casing technologies to Innovex's energy industrial platform. The transaction values Citadel at approximately 3.8x LTM Adjusted EBITDA, is ~8% accretive to Innovex EPS, and is expected to deliver roughly $2 million of cost synergies within three months while supporting market share expansion in offshore and international markets.
- Buyers
- Innovex International, Inc.
- Targets
- Citadel Casing Solutions, LLC
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Buyout
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