Simmons & Co Completed $2.3B of O&G Deals in 2012

Printer Friendly Version
Email this Page

Corporate finance adviser Simmons & Co announced Wednesday that it completed 14 oil and gas deals in 2012 that together amounted to a value of $2.3 billion – more than double the total value of deals completed by the firm in 2011.

Simmons' Aberdeen office stated that it led these deals, which represented a significant share of the 48 mergers and acquisition transactions completed by Simmons & Co worldwide operations.

In the subsea sector, the sale of Acteon to KKR and the divestment of GustoMSC by SBM to Parcom Capital were prominent deals, said Simmons.

Significant transactions in technology included the sales of Zenith, Red Spider Technology, Petrowell and Nessco to Lufkin, Halliburton, Weatherford and Rignet respectively.

On the buy side, Simmons represented Tetra Technologies in its acquisition of Aberdeen-based rig-cooling specialist Optima and assisted Phoenix Equity Partners in their acquisition of Gall Thomson Environmental in the flow control sector.

"The industry is undergoing an incredible amount of change and growth and we need to keep on top of that and respond appropriately if we are to continue to be entrusted with mandates like these and deliver results that are at the top end of our clients' expectations," Simmons CEO Colin Welsh said in a company statement.
 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Jura Posts Test Results for Reti-2 Wel... (May 28)
 -  AMEC Foster Wheeler Bags Pre-FEED Cont... (May 28)
 -  DNO Announces Production Increase at T... (May 28)
 -  NPD Grants Det Norske Drilling Permit ... (May 28)
 -  DNV Appoints New CEO, Who Warns of Tou... (May 28)


Most Popular Articles

From the Career Center
Jobs that may interest you
IT Manager of Financial Applications
Expertise: IT - Analysis & Management|IT - SAP / ERP|Project Management
Location: Houston, TX
 
Account Manager
Expertise: Business Development|MWD / LWD|Technical Sales
Location: Houston, 
 
Director of Commercial Development
Expertise: Business Development
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $62.06/BBL 2.60%
Light Crude Oil : $57.71/BBL 0.55%
Natural Gas : $2.82/MMBtu 0.00%
Updated in last 24 hours