Expro Group Completes Merger with Frank's International

Expro Acquires DeltaTek Global

February 9, 2023

Oil & Gas

Energy services provider Expro (NYSE: XPRO) has acquired Aberdeen-based well construction cementing specialist DeltaTek Global to broaden its cementing capabilities and technology portfolio. The deal is intended to accelerate DeltaTek's international deployment through Expro's global footprint and expand Expro's well construction offering across offshore and onshore markets.

Expro Acquires PRT Offshore

October 3, 2023

Oil & Gas

Expro completed its acquisition of Houston-based PRT Offshore, a provider of Hook-to-Hanger subsea well access, for approximately $106 million in total consideration (about $62 million cash and $44 million in newly issued Expro shares), with potential additional earnouts. The deal expands Expro's subsea well access capabilities and geographic reach across North and Latin America while supporting PRT Offshore's growth in Europe, Sub-Saharan Africa and Asia Pacific.

ProFrac Holdings Acquires FTS International (All-Cash Transaction)

March 4, 2022

Oil & Gas

ProFrac Holdings, LLC completed its all-cash acquisition of FTS International, Inc. (FTSI), valuing FTSI at approximately $407.5 million including payments to outstanding warrants. The deal was announced in October 2021 and closed in early March 2022 after FTSI stockholders approved the merger.

Groome Industrial Service Group (Argosy) Acquires Expro Services / Explosive Professionals (ExPro)

September 7, 2021

Industrial Services

Groome Industrial Service Group, an Argosy Private Equity portfolio company, acquired Expro Services, Inc. (also referenced as Explosive Professionals, Inc./ExPro), a Kentucky-based specialist in explosive boiler and HRSG cleaning. The add-on deal expands Groome's industrial maintenance capabilities, creates cross-selling opportunities in power generation and petrochemical markets, and enables penetration into the waste-to-energy sector.

Expro Acquires Coretrax for Approximately $210 Million

February 12, 2024

Energy

Expro has entered into a definitive agreement to acquire Coretrax, an Aberdeen, UK-based technology provider for performance drilling tools and wellbore cleanup, well integrity, and production optimization solutions, for total consideration of approximately $210 million. The deal is expected to close in the second quarter of 2024 and will expand Expro’s Well Construction and Well Intervention & Integrity offerings across multiple regions, leveraging Coretrax’s technology and Expro’s global footprint.

Hunting PLC Acquires Enpro Subsea

February 21, 2020

Oil & Gas

Hunting PLC has acquired 100% of the issued share capital of Enpro Subsea and its subsidiaries in Norway, the United States and Ghana. Enpro, a Westhill, Scotland–based developer of subsea production technologies (headcount ~40), will continue to trade under its existing brand and management; the acquisition strengthens Hunting's subsea product and services offering.