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Superior Energy Services Acquires Rival Downhole Tools

Feb 28, 2025•6 months ago

Acquiring Company

Superior Energy Services

Acquired Company

Rival Downhole Tools

HoustonHoustonEnergyRenewable EnergyManufacturing

Description

Superior Energy Services has acquired Rival Downhole Tools to enhance its service offerings in the oilfield sector. The transaction is expected to create a premier drilling rental product through the synergy of their existing businesses. Neil Fletcher, CEO of Rival, will lead the combined operations. The acquisition was finalized on February 28, 2025.

Company Information

Company

Superior Energy Services

Location

Houston, Texas, United States

About

Superior Energy Services serves the drilling, completion and production-related needs of oil and gas companies through a diversified portfolio of specialized oilfield services and equipment that are used throughout the economic life cycle of oil and gas wells. In addition to operations in North America, both on land and offshore, Superior Energy Services operates in approximately 47 countries internationally.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed