Deal snapshot: QUINTANA ENERGY SERVICES, ARCHER'S NORTH AMERICAN WELL SERVICES ENTITIES TO MERGE.
US-based private equity firm Quintana Energy Partners, L.P.'s Quintana Energy Services LP drilling unit and Norwegian oilfield service company Archer Ltd.'s (OSLO: ARCHE) Archer Well Co. Inc. subsidiary have inked a definitive agreement under which AWC will contribute all outstanding shares of Archer Pressure Pumping LLC, Archer Directional Drilling Services LLC, Archer Wireline LLC and Great White Pressure Control LLC to QES in exchange for equity in QES, the companies said.
QES operates in the US onshore oilfield services industry through its subsidiaries, directional drilling company and consolidated oil well services the directional drilling and completion services business units of QES, respectively.
Sector: Petroleum/Natural Gas/Coal
Target: Archer Pressure Pumping LLC, Archer Directional Drilling Services LLC, Archer Wireline LLC and Great White Pressure Control LLC
Buyer: Quintana Energy Services LP
Vendor: Archer Ltd
Deal size in USD: 1.1bn
Type: Corporate Acquisition
Buyer advisor: , ,
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|Publication:||M & A Navigator|
|Date:||Nov 24, 2015|
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