MISSOURI CITY, Texas, Nov. 2, 2020 /PRNewswire/ -- Lufkin Industries ("Lufkin "), a portfolio company of KPS Capital Partners, LP ("KPS"), announced today that it has completed the acquisition of the North American Land Rod Lift Business (the "Rod Lift Business" or the "Business") of Schlumberger N.V. ("Schlumberger") (NYSE: SLB).
For more information on Schlumberger's Rod Lift Business, visit For more information on Schlumberger's Rod Lift Business, visit www.don-nan.com or www.slb.com/completions/artificial-lift/sucker-rod-pumps. Zu den, Tages-Trading-Chancen am Mittwoch den 11.11.2020, Ölpreise bauen Gewinne aus - Brent auf höchstem Stand seit Anfang September, Trading-Chance des Monats! developed differentiated technology offerings, including the proprietary PumpTrak software. (onshore), including the Permian Basin where Don-Nan has operated for almost 60 years. Michael Psaros, Co-Founder and Co-Managing Partner of KPS, said, "We are excited to combine Lufkin and Schlumberger's Rod Lift Business, which together have an unparalleled reputation for reliability, superior technology, innovation, customer service and global footprint. Missouri City, Texas, is a leading global provider of rod lift products, technologies, services and solutions, including automated control and optimization Wie bewerten Sie die aktuell angezeigte Seite? The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com. Lufkin has an extensive global service footprint that operates throughout the oil-producing world.
KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with over $11.5 billion of assets under management (as of June 30, 2020). industry leadership, Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and For over two decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. The Rod Lift Business has significant manufacturing and distribution capacity and has The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com. The Business has an expansive footprint across all major oil-producing regions in North America (onshore), including the Permian Basin where Don-Nan has operated for almost 60 years. About Lufkin IndustriesLufkin, headquartered in Missouri City, Texas, is a leading global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry.
Baker Hughes Inc. has agreed to sell its Lufkin rod lift solutions business to KPS Capital Partners. surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin’s power transmission business will remain part of the Baker Hughes portfolio and is not included in the transaction with KPS. Bidens Wahl-Sieg: erneuerbare Energie-Aktien gehen steil – das sagt der Pionier des ESG-Investments Max Deml, Bringt BioNTech die Wende am Aktienmarkt? The KPS Funds’ portfolio companies have aggregate annual revenues of approximately $5.4 billion, operate 149 manufacturing facilities in 26 countries, and have nearly 26,000 employees, directly and through joint ventures worldwide. KPS Capital Partners übernimmt Lufkin Rod Lift Solutions von Baker Hughes, BAKER HUGHES-Aktie komplett kostenlos handeln - auf Smartbroker.de, Equinor hires Baker Hughes, Halliburton, and Schlumberger for drilling work on Bacalhau field, Equinor Hires Baker Hughes, Halliburton, and Schlumberger for Drilling Work at Bacalhau Field Off Brazil. We will remain laser focused on providing world-class quality, delivery and customer service across our platform as we combine these businesses and beyond.". KPS Capital Partners Completes Acquisition of Lufkin Rod Lift Solutions From Baker Hughes Jun 30, 2020 About KPS Capital Partners. No reliance may be placed for any purpose on the information and opinions contained in such materials or their accuracy or completeness and nothing in such materials may be relied upon in making any investment decision. Citi and Tudor, Pickering, Holt & Co. acted as financial advisors and King & Spalding International LLP served as legal counsel to Baker Hughes. NEUBEWERTUNG wird schnell kommen, Biontech-Jünger in Vorfreude: “Ich verkaufe kein Stück. Lufkin, headquartered in Missouri City, Texas, is a leading global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin … Solutions, KBA Engineering, Platinum Pumpjack Services and RLC Rod Lift Consulting.
Our customers will now have access to the many strengths of both businesses as we combine the very best technology, Lufkin, a portfolio company of New York-based private equity firm KPS Capital Partners LP, acquired Schlumberger's North American land rod lift business for an undisclosed amount, according to … The information set forth in the materials on this site is as of June 30, 2020 and does not purport to be a complete summary of KPS or its investments.