Deal Snapshot
NATIONAL ENERGY SERVICES REUNITED CLOSES BUSINESS COMBINATION WITH GULF ENERGY SAOC AND NATIONAL PETROLEUM SERVICES
Tuesday 12 June 2018

US-based oil and gas services provider National Energy Services Reunited Corp. (NASDAQ: NESR) (NASDAQ: NESRW) has completed its acquisition of Gulf Energy SAOC and National Petroleum Services, the company said. The combined company creates an industry-provider of integrated energy services and solutions in the Middle East and North Africa region.
Last November, National Energy Services Reunited entered into definitive agreements to combine with Gulf Energy SAOC ("GES") and National Petroleum Services for an aggregate purchase price of approximately USD 1.1bn, or 5.4x the company's estimated 2018 EBITDA.


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Details
Date Published: 12/06/2018
Target: Gulf Energy SAOC and National Petroleum Services
Country: UAE
Deal Size: 1.1bn (USD)
Sector: Petroleum/Natural Gas/Coal
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: National Energy Services Reunited
Buyer Advisor: J.P. Morgan
Comment:


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