7 Acquisitions of Companies in the Oil and Gas Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Oil and Gas industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 7 acquisitions that took place in the Oil and Gas industry.

Allied Power acquired by Bernhard Capital Partners Management

Details about the transaction:

Acquisition amount:

$40,000,000

Announcement:

1 December 2020

Details about the company:

The whole asset life cycle of a power plant is covered by the full range of services offered by Allied Power.

Headquarter:

Baton Rouge, Louisiana, United States

Where to find them:

Industry:

Energy, Energy Efficiency, Oil and Gas

Details about the buyer:

An equities management company with a concentration on infrastructure is Bernhard Capital Partners.

Headquarter:

Baton Rouge, Louisiana, United States

Where to find them:

Joule Processing acquired by Plug Power

Details about the transaction:

Acquisition amount:

$30,000,000

Announcement:

25 January 2022

Details about the company:

For the treatment, processing, and handling of liquids using natural gas, Joule Processing offers custom-engineered equipment solutions.

Headquarter:

Houston, Texas, United States

Where to find them:

Industry:

Energy, Manufacturing, Oil and Gas

Details about the buyer:

Plug Power is a provider of clean hydrogen and zero-emission fuel cell solutions.

Headquarter:

Latham, New York, United States

Where to find them:

Keystone Royalty acquired by Topaz Energy

Details about the transaction:

Acquisition amount:

$85,000,000

Announcement:

31 March 2022

Details about the company:

The Keystone Group of Companies runs businesses that provide services for oil and natural gas exploration.

Headquarter:

Regina, Saskatchewan, Canada

Where to find them:

Industry:

Energy, Oil and Gas

Details about the buyer:

The goals of Topaz Energy are to increase free cash flow and provide dependable, long-term dividends to its shareholders.

Headquarter:

Calgary, Alberta, Canada

Where to find them:

Beide Petroleum acquired by Panzhihua Bingyang Technology

Details about the transaction:

Acquisition amount:

$2,225,787

Announcement:

1 December 2022

Details about the company:

Acid fracturing additives are made by the research and development company Beide Petroleum.

Headquarter:

Qianhai, Shandong, China

Where to find them:

Industry:

Manufacturing, Mining, Oil and Gas

Details about the buyer:

Panzhihua Bingyang Technology develops, manufactures, and sells goods for the ceramsite proppant series.

Headquarter:

Panzhihua, Sichuan, China

Where to find them:

SEAT acquired by Hangzhou Oxygen Plant Group

Details about the transaction:

Acquisition amount:

$31,719,149

Announcement:

8 December 2022

Details about the company:

SEAT produces gases for electronic materials of the highest quality.

Headquarter:

Quzhou, Zhejiang, China

Where to find them:

Industry:

Chemical, Electronics, Manufacturing, Oil and Gas

Details about the buyer:

Product manufacturers of industrial gas machinery include Hangzhou Oxygen Plant Group.

Headquarter:

Hangzhou, Zhejiang, China

Where to find them:

Discovery Downhole Services acquired by Cathedral Energy Services

Details about the transaction:

Acquisition amount:

$16,333,582

Announcement:

11 February 2022

Details about the company:

Tools, equipment, and services for drilling applications in the oil and gas sectors are offered by Discovery Downhole Services.

Headquarter:

Casper, Wyoming, United States

Where to find them:

Industry:

Energy, Industrial Automation, Industrial Engineering, Oil and Gas

Details about the buyer:

Oil and gas businesses may get directional drilling services from Cathedral Energy Services.

Headquarter:

Calgary, Alberta, Canada

Where to find them:

Producers Service Corporation acquired by ProFrac Services

Details about the transaction:

Acquisition amount:

$35,000,000

Announcement:

3 January 2023

Details about the company:

Oil and energy company Producers Service Corporation offers services for acidizing and fracturing.

Headquarter:

Zanesville, Ohio, United States

Where to find them:

Industry:

Energy, Oil and Gas

Details about the buyer:

A manufacturing and distribution firm called ProFrac Services creates unique hydraulic machinery for the fracturing sector.

Headquarter:

Cisco, Texas, United States

Where to find them: