Oil & Gas Acquisitions in 2018
Showing 2 transactions.
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December 17, 2018
- Buyer
- Industrial Growth Partners
- Target
- Redco Group
- Seller
- Redco management, Founder and CEO Steve Forberg
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Recapitalization
Industrial Growth Partners (IGP) recapitalized Redco Group in partnership with Redco's management on December 17, 2018. Redco, headquartered in Edmonton, Alberta, is a leading independent provider of pressure control equipment, wellhead and frac completion products and associated manufacturing and field services to oil and gas operators across Western Canada.
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May 28, 2018
- Buyer
- Pelican Energy Partners
- Target
- Lodestar International, LLC, MaxWell Downhole Technology Limited
- Industry
- Oil & Gas
- Location
- Texas, United States
- Type
- Recapitalization
Pelican Energy Partners has completed a majority recapitalization of Lodestar International and is combining Lodestar with Aberdeen-based MaxWell Downhole Technology, providing growth capital to support greater rental-tool availability, improved service and faster product development. Lodestar will assume operational functions for the combined business as the group scales DWD (dynamics-while-drilling) tool rental, services and technology development across North America and internationally.
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