Lufkin Industries Acquires Schlumberger's North American Rod Lift Business
November 2, 2020
Lufkin Industries, a portfolio company of KPS Capital Partners, completed the acquisition of Schlumberger’s North American Land Rod Lift Business, including brands such as Don‑Nan, Shores Lift Solutions, KBA Engineering, Platinum Pumpjack Services and RLC Rod Lift Consulting. The deal expands Lufkin’s manufacturing, distribution and technology capabilities in rod lift and artificial‑lift solutions across major North American onshore oil producing regions, including the Permian Basin.
- Buyers
- Lufkin Industries, KPS Capital Partners
- Targets
- Schlumberger North American Land Rod Lift Business (including Don‑Nan, Shores Lift Solutions, KBA Engineering, Platinum Pumpjack Services and RLC Rod Lift Consulting)
- Sellers
- Schlumberger N.V.
- Platforms
- Lufkin Industries
- Industry
- Oil & Gas
- Location
- United States
- Transaction Type
- Addon
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