Innovex completes acquisition of Downhole Well Solutions

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
Innovex International, Inc. (NYSE: INVX) ("Innovex"), a leading provider of products and technologies to the oil and gas industry, has completed the acquisition of the remaining equity ownership of Downhole Well Solutions. DWS engaged ClearRidge to advise on acquisition strategy. The ClearRidge team managed the process and due diligence.
DWS Innovex ClearRidge

Mergers & Acquisitions Report and Outlook for Fall/Winter 2024

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
The first half of 2024 demonstrated a dynamic landscape for mergers and acquisitions (M&A) in the United States. Despite macroeconomic uncertainties, including the interest rate environment and inflationary pressures, strategic consolidations gained momentum, driven by factors such as technological advancement, supply chain optimization, and market expansion. The first half of 2024 recorded ...
Mergers & Acquisitions Report

Increasing Merger & Acquisition Activity in this Election Year

A prevailing assumption is that a slowdown in mergers and acquisitions (M&A) occurs from October to December of an election year (and the following year depending on the party that is elected), but is that actually the case? Let’s first take a look at the last two previous election cycles...

Heater Specialists Acquires ParFab Industries

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
Heater Specialists, a fully integrated single-source manufacturer of refinery and petrochemical equipment, acquired the fabrication business of ParFab Industries in Inola, Oklahoma. ParFab Industries is a wholly owned subsidiary of the ParFab group of companies. HSI is a wholly owned subsidiary of Energy Process Technologies, Inc. (“EPTI”). ClearRidge advises EPTI and HSI's Management team and Board on acquisition strategy. In this acquisition, the ClearRidge team advised on financial and business matters, managed the process and due diligence.
Heater Specialists Acquires ParFab Industries

Window Technology, Inc (WinTech) acquires Pocahontas Aluminum Company

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
WinTech, a leading US manufacturer and supplier to the construction industry has acquired 100% of the stock of Pocahontas Aluminum Company, a window and door manufacturer based in Pocahontas, Arkansas. ClearRidge advises WinTech’s Senior Management team and Board on acquisition strategy. In this acquisition, the ClearRidge team advised on financial and business matters, managed the process and due diligence. Click through for more information on the acquisition.
WinTech Pocahontas Acquisition

Mergers & Acquisitions Report, News and Outlook for Q1 2024

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
In the central region of the United States, M&A activity has remained robust, but across the broader United States, activity was muted in the first half of 2023, picking up through the remainder of the year. Looking ahead to 2024, two factors that will likely bring greater activity: i) stabilizing interest rates contribute to higher valuations and/or higher activity, and ii) consolidation trends in many industries. For the first time in ...
Q1 2024 Outlook Mergers Acquisitions

Mergers & Acquisitions Report, News and Outlook – ClearRidge Quarterly Update

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
2023 has been a stronger year for M&A than many were expecting. At the same time, different industry sectors have registered greater disparity in valuations, deal activity and deal volumes than we typically see. We continue to have strong demand for acquisitions and more clients bringing businesses to market than in a typical year. This may be isolated to Oklahoma, Texas, and the Midwest, but our feel for M&A is …
Mergers & Acquisitions Report

Innovex has acquired a minority interest in Downhole Well Solutions (DWS)

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
DWS (www.downholewellsolutions.com) designs, manufactures, and rents proprietary downhole drilling optimization tools, including the PowerGLIDE oscillation tool, the RIPstick anti-stall and anti-stick slip tool, and most recently the new PileDRIVER. DWS engaged ClearRidge to advise them on acquisition strategy.  The ClearRidge team managed the process and due diligence. DWS will continue to operate as a standalone business under the leadership and majority ownership of ...
DWS_Innovex_ClearRidge

U.S. Pioneer acquires Comsaco

Posted by Matthew Bristow in Mergers & Acquisitions
Comsaco has been acquired U.S. Pioneer. They are both leading manufacturers of shipboard electrical components and equipment, serving the shipbuilding industries and the Navy. US Pioneer engaged ClearRidge to advise them on their acquisition strategy. The ClearRidge team managed the acquisition process and due diligence. In 2021, US Pioneer expanded to a new ...
US-Pioneer_ClearRidge_Comsaco

What’s next for Mergers & Acquisitions in 2023? ClearRidge M&A Trends and Outlook

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
While many anticipated a slowdown in 2023 with talks of a recession, we haven’t seen that in our central and southern region so far. At ClearRidge, we have had one of the busiest starts to any year since our founding fifteen years ago.  As we continue through 2023, we’re anticipating a further pickup in deal activity as there continue to be unprecedented levels of cash available for acquisitions, both from strategic and private acquirers.  Even in the event of a mild recession, company balance sheets are stronger now than when the US economy entered previous recessionary periods. With higher interest rates, companies have been committing more equity to ...
MergersAcquisitionsUpdate_03.02.2023
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