M&A · Energy · Buyer's industry: Drilling Oil & Gas Wells
Patterson UTI Energy Inc to acquire Ulterra Drilling Technologies
Announced Aug 14, 2023 · Closed Aug 14, 2023 · Private target
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- Patterson UTI Energy Inc (PTEN)
- Target
- Ulterra Drilling Technologies
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Aug 14, 2023
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Classification
- Sector
- Energy
- Buyer's industry
- Drilling Oil & Gas Wells