Condor Engineering & Mfg. LLC has been acquired by National OilWell Varco, Inc.
July 2014 — The founder of Condor Engineering & Manufacturing, LLC (Condor), based in Denver, CO, has sold the company to National OilWell Varco, Inc. (NOV). Financial details have not been disclosed.
Condor is a private oil field equipment design and manufacturing company making patented hydraulic fracturing blender pumps. The company’s superior closed-tub design allows for very large efficiency gains in frac blending operations while offering significant environmental advantages.
NOV is a global giant in the oil field equipment and component manufacturing and distribution sector. The company provides equipment and components for oil and gas drilling and production. oilfield services and supply chain integration services to the upstream oil and gas industry worldwide.
Condor's founder and majority shareholder, along with his financial partners, were seeking an exit of their ownership interests for diversification. They were also seeking a transaction that allowed for their technology to continue to win market share and move towards becoming a market-leading industry standard. Additionally, under the terms of the transaction, he will remain in the company.
Our role in the transaction
Oaklins' team in Dallas advised the seller in this transaction. A highly selective acquiror pool was identified as being uniquely advantaged strategically to value and promote Condor’s technology. Our team kept the deal progressing even as the final acquiror underwent a large reorganization and corporate spin-off.
Talk to the deal team
Bryan Livingston
Oaklins Capital Alliance
Related deals
Contrinex has joined Nordson
Contrinex S.A., a Swiss technology leader in high-performance sensors for factory automation, has been acquired by Nordson Corporation, a US-based precision technology company. Contrinex will become part of Nordson’s Advanced Technology Solutions segment. The acquisition complements Nordson’s test and inspection portfolio with expertise in sensing technologies for harsh environments and miniature precision positioning, expanding its capabilities in factory automation and control. Contrinex will benefit from Nordson’s global sales infrastructure and continued investment in bringing its technologies to more customers worldwide.
Learn moreENGIE Énergie Services has sold Majorelle to Isospace
Majorelle, a pioneer in space planning in France for 40 years, has been sold to Isospace by ENGIE Énergie Services. The transaction marks a new chapter in Majorelle’s growth, bringing together complementary expertise in workplace design, space planning and fit-out while preserving its brand, teams and market positioning. Together, Majorelle and Isospace generate more than US$45 million in revenue, primarily in the Île-de-France region. The companies operate in a commercial fit-out market undergoing significant transformation, driven by evolving workplace needs, real estate asset repositioning, regulatory requirements and environmental and socioeconomic challenges. Philippe Savajols, president of Isospace and Majorelle, aims to ensure continuity for Majorelle and its teams while developing complementary capabilities and synergies across the group, preserving both companies’ respective cultures, expertise and client relationships.
Learn moreCibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn more