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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

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Nine Energy Service to Acquire Magnum Oil Tools for $493MM

Nine Energy Service, Inc. Magnum Oil Tools
AnnouncedOct 15, 2018
TypeCorporate
Announced Date
October 15,2018
Transaction Type
Corporate




Snapshot
Location
Region
United States

Country
United States


Transaction Details:  Subscribe to see

Nine Energy Service has agreed to acquire Magnum Oil Tools International for $493 million (comprised of $334 million in cash and five million shares of Nine stock valued at $159 million).

Magnum has a broad offering of proprietary downhole completions products, including dissolvable and composite frac plugs, as well as a number of other patented consumables. Magnum does not have any debt.



J.P. Morgan Securities LLC acted as exclusive financial advisor to Nine and Kirkland & Ellis LLP acted as legal counsel in the transaction. FMI acted as exclusive financial advisor to Magnum and Porter…

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