T&T Engineering Services, Inc. Has Been Acquired by Schlumberger
HOUSTON, TX, November 4, 2015 - GulfStar Group ("GulfStar") is pleased to announce the acquisition of T&T Engineering Services, Inc. (“T&T Engineering” or the “Company”) by Schlumberger. GulfStar served as the exclusive financial advisor to T&T Engineering throughout the transaction, which closed on September 30, 2015.
T&T Engineering is a leading provider of proprietary products and engineering services to the energy industry. Products include state-of-the-art drilling structures and drilling equipment that deliver superior operational safety, reductions in non-productive work, greater reliability and improved interface with other rig equipment and operations.
Schlumberger is a leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide.
The GulfStar team consisted of Managing Director Alan Blackburn, Associate Ben Stanton and Analyst Sahil Raj.
“Through perseverance and hard work, we were able to achieve a great result for all parties involved,” said Blackburn. “We believe this acquisition will bring substantial strategic benefits to the buyer in allowing it to further broaden its platform of proprietary products and services.”
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 more than 630 transactions in 32 states and 13 foreign countries across a variety of industries.
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Securities offered through GulfStar Group I, Ltd. an affiliated entity, member FINRA – SIPC.