M&A · Energy · Oil & Gas Field Services, NEC
Navy Holdings, Inc. to acquire Nuverra Environmental Solutions, Inc.
Announced Dec 13, 2021 · Closed Feb 23, 2022
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Navy Holdings, Inc.
- Target
- Nuverra Environmental Solutions, Inc.
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Feb 23, 2022
Deal protections
- Break fee (target pays)
- $2.5M
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Energy
- Comparable deals
- 23 in the prior 24 months
- Premium
- Sector median 25.1%
- EV / Adj. EBITDA
- Sector median 13.3x
- Break fee
- Sector median 2.6%
Timeline
- AnnouncedDec 13, 2021
- Proxy filedJan 25, 2022
- Definitive proxyJan 25, 2022
- Shareholder voteFeb 23, 2022
- ClosedFeb 23, 2022