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Sale Of A Far Eastern Based Privately Owned Energy Services Company

Simmons & Company advised a Far Eastern based privately held oil service company in the sale to a multi-national trade acquirer.

Client Description

Simmons & Company International Limited’s client was a privately held company headquartered in Singapore. The Company provided extended well test and early production systems to the oil and gas industry throughout the Asia Pacific Region.

Objective

The Company had delivered impressive revenue and EBITDA growth and more than trebled its revenues in the three year period from 2005 to 2008. Having grown the business to become the market leader in the Asia Pacific Region, the shareholder of the business was interested in exploring exit options in order to liquidate their investment in the business.

Transaction Process

Through our industry network and close relationships with the potential trade buyers, Simmons & Company identified that our clients business was a close strategic fit for the acquisition criteria of a larger competitor. There was a clear strategic fit between the two parties in terms of complimentary service capability and an acquisition of our client would give the acquirer an immediate presence in one of the most high growth energy regions.

Outcome

A negotiated, off market deal was consummated between the parties and our client received a 100% cash settlement for their shares in the company.