National Oilwell Varco has acquired Enerflow Industries Inc. for an undisclosed consideration.
Enerflow Industries is a technology powerhouse at the forefront of hydraulic fracturing. The company engineers and manufactures custom oilfield service equipment. Seeking a reduction in personal estate risks and the need to provide additional growth capital to meet demand, Enerflow Industries sought a strategic partner.
National Oilwell Varco is a 14-billion-dollar, worldwide leading provider of major mechanical components for land and offshore drilling rigs and related tools and equipment.
Oaklins' team in Dallas advised Enerflow's shareholders in connection with this transaction, initiating it and assisting in its closing, solving complex issues regarding price, working capital, personal goals and taxes.
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