The Artex Group Has Been Acquired by National Oilwell Varco
HOUSTON, January 12, 2015 - GulfStar Group ("GulfStar") is pleased to announce the acquisition of The Artex Group, LLC ("Artex" or the "Company") by National Oilwell Varco ("NOV"). GulfStar served as the exclusive advisor to Artex throughout the transaction, which closed on December 8, 2014.
Headquartered in Brenham, TX, Artex and its subsidiaries are a leading designer and manufacturer of custom wireline trucks as well as downhole tools and surface products. In addition to the core offering of custom wireline trucks, the Company performs comprehensive refurbishment services for both Artex and third party trucks. Artex's trucks and associated products and services are critical to the production process and often designed to meet specific functional and geographic requirements for each customer, which have predominately been wireline service providers.
NOV is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, and the provision of oilfield services to the oil and gas industry.
The GulfStar team included Managing Director Alan Blackburn and Associate Caroline Incavo.
About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed approximately 600 transactions in 32 states and 10 foreign countries across a variety of industries.
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