On 12 March 2015, Frank's International (Frank’s) entered into a definitive agreement for the acquisition of Timco Services (Timco).
Headquartered in Lafayette, Louisiana, Timco is a provider of tubular running services in several key geographic areas, including the Eagle Ford Shale, the Permian's Delaware Basin, the Haynesville Shale and the US Gulf Coast.
Frank's is an oil services company that provides a range of tubular services to exploration and production companies in both offshore and onshore environments.
The transaction is scheduled to close in the second quarter of 2015, subject to regulatory approval and other customary closing conditions.
Simmons & Company served as the exclusive financial advisor to Frank's.
Image from Frank’s International