HMH Holdings B.V. Acquires Electrical Subsea & Drilling AS (ESD)

Baker Hughes and Akastor Form HMH

October 1, 2021

Energy

Baker Hughes' Subsea Drilling Systems business and Akastor ASA's wholly owned MHWirth have merged to form HMH, a global offshore drilling equipment company jointly owned (50/50) by Baker Hughes and Akastor and effective October 1, 2021. HMH is headquartered in Amsterdam with major operational centers in Houston, USA and Kristiansand, Norway, combining product and service portfolios to deliver offshore drilling equipment and pursue energy-efficient solutions and adjacent-market opportunities such as renewables and mining.

Baker Hughes Acquires AccessESP

July 27, 2022

Energy

Baker Hughes has agreed to acquire AccessESP, a Houston-based provider of the GoRigless ESP deployment system, to integrate the company's alternative electrical submersible pump (ESP) deployment technology into Baker Hughes' Oilfield Services segment. AccessESP — with approximately 55 employees and facilities in North America and the Middle East — will bring proprietary IP, personnel and commercial agreements to Baker Hughes to reduce costs and downtime for oilfield operators.

Shermco Industries Acquires Eastern High Voltage, Inc.

June 17, 2025

Industrial Services

Shermco Industries has acquired Eastern High Voltage, Inc. (EHV), a NETA-accredited electrical testing and field services provider based in Robbinsville, New Jersey; terms were not disclosed. The deal expands Shermco's NETA-accredited workforce and Northeast presence, and strengthens its field-service and specialized testing capabilities; Shermco is majority-owned by Gryphon Investors.

BHI Energy Acquires Coastal Electrical Construction

August 11, 2020

Industrial Services

BHI Energy has acquired Coastal Electrical Construction, a Flomaton, Alabama–based provider of substation, transmission and distribution construction and maintenance services to major utilities in the Southeastern United States. The deal is the third add-on for BHI in the T&D space since its acquisition by AE Industrial Partners and is intended to expand BHI's geographic footprint and service capabilities in the Southeast; terms were not disclosed.

Deep Imaging Acquires ESG Solutions

May 10, 2021

Energy

Deep Imaging, a subsurface imaging and frac-diagnostics platform backed by SCF Partners, acquired ESG Solutions (Engineering Seismology Group) to create an integrated subsurface diagnostics company serving upstream oil & gas, mining and geotechnical markets. The combination brings together Deep Imaging's real-time fluid-tracking technology and ESG's microseismic acquisition, processing and analysis capabilities to offer expanded diagnostics and analytics to customers worldwide.

Gryphon-backed Shermco Industries Acquires Electrical Manufacturing and Distributors (EMD)

August 27, 2019

Industrial Services

Shermco Industries, majority-owned by Gryphon Investors, has acquired Electrical Manufacturing and Distributors, Inc. (EMD), a Wichita Falls-based provider of process controls, systems integration, electrical engineering and control panel fabrication. The acquisition expands Shermco's service capabilities in process controls and strengthens its presence in midstream oil & gas and industrial end markets; EMD's management will remain with the company.