One-Page Deal Sheet
Franks International Acquires PE Backed Blackhawk Tools
Franks International Blackhawk Specialty Tools LLC
Announced Date
October 07,2016
Transaction Type
Corporate
Transaction Details: Require Private Equity Subscription
Frank’s International N.V. is acquiring Bain Capital Private Equity backed Blackhawk Specialty Tools LLC for $321 million in cash and stock.
In addition to what Frank’s believes is a line of well-regarded, market leading, technically differentiated specialty cementation tools, Blackhawk also provides well intervention products through its line of brute packers and related products, and is continuing its development of products for onshore and offshore applications.
Gary Luquette, Frank’s President and Chief Executive Officer, commented, “Similar to Frank’s, Blackhawk has a reputation for…