Frank’s International has acquired Timco Services, Inc., a leading provider of tubing and casing services in the U.S. oil and gas sector, to enhance its service capabilities and market position.

Transaction Overview

Founders Investment Banking served as the exclusive financial advisor to Timco Services, Inc. in its sale to Frank’s International N.V. (NYSE: FI). The two companies entered into a definitive purchase agreement on March 12, 2015, and the transaction was successfully completed on April 1, 2015.

Company Profile

Timco Services, Inc. is a leading provider of tubing and casing services for the oil and gas exploration and production industry, operating in some of the most active drilling regions in the United States. These regions include the Eagle Ford Shale, the Delaware Basin of the Permian, the Haynesville Shale, and offshore reservoirs along the U.S. Gulf Coast. Headquartered in Lafayette, Louisiana, Timco has witnessed consistent growth throughout its 38-year history, particularly benefiting from the recent shale boom in onshore U.S. territories.

Industry Overview

The oil and gas industry in the United States has seen significant transformation in the past decade, driven predominantly by advances in extraction technology and the rise of shale gas p