Dril-Quip and Innovex Downhole Solutions Complete Merger, Creating Innovex International (NYSE: INVX)

Innovex International Acquires Remaining Equity of Downhole Well Solutions

December 2, 2024

Oil & Gas

Innovex International (NYSE: INVX) has completed the acquisition of the remaining equity ownership of Downhole Well Solutions, LLC (DWS), having made a prior minority investment in May 2023. The acquisition brings DWS's proprietary drilling optimization and friction-reduction rental tools into Innovex's product portfolio to expand its downhole technology offerings and support growth in US Land and international markets.

Innovex Downhole Solutions Acquires Rubicon Oilfield International

November 10, 2020

Energy

Innovex Downhole Solutions entered into a definitive agreement to acquire Rubicon Oilfield International, creating a combined global provider of downhole products and technical services for the oil and gas industry. The deal, expected to close in early 2021, brings together Innovex's U.S. operations and Rubicon's international footprint to expand product offerings, geographic reach and service capabilities; terms were not disclosed.

Innovex International Acquires Citadel Casing Solutions

June 2, 2025

Oil & Gas

Innovex International, Inc. completed an all-cash acquisition of Citadel Casing Solutions, LLC, adding Citadel's differentiated downhole and casing technologies to Innovex's energy industrial platform. The transaction values Citadel at approximately 3.8x LTM Adjusted EBITDA, is ~8% accretive to Innovex EPS, and is expected to deliver roughly $2 million of cost synergies within three months while supporting market share expansion in offshore and international markets.

Innovex Acquires Pride Energy Services from Vault Pressure Control

August 22, 2021

Energy

Innovex Downhole Solutions acquired Pride Energy Services from Vault Pressure Control (a portfolio company of Pelican Energy Partners). Pride, headquartered in Midland, Texas, is a leading provider of ESP cable preparation and cable spooling services supporting Permian, Bakken and Alaska operations; the acquisition expands Innovex's artificial-lift and cable-management capabilities.

Dril-Quip Acquires Great North (Redco Group)

July 31, 2023

Energy

Dril-Quip, Inc. acquired Great North Wellhead (d/b/a Redco Group) from Industrial Growth Partners in an all-cash transaction that closed July 31, 2023 for approximately $80 million plus potential earn-outs. The acquisition expands Dril-Quip's Well Construction portfolio and geographic presence in Canada, adding wellhead and completion products, rental equipment and engineering/field services with ~ $100M in annual revenue and strong EBITDA margins.

Expro Group Completes Merger with Frank's International

October 1, 2021

Energy

Expro Group and Frank's International N.V. have completed a previously announced merger, with the combined company assuming the Expro Group Holdings N.V. name and beginning trading on the NYSE under the ticker XPRO. The transaction creates a larger full‑cycle energy services provider combining well access, drilling and completions capabilities to deliver expanded scale, capability expansion and expected cost and revenue synergies.