On the Record · Cactus
Cactus acquisitions, on the record
The businesses Cactus bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
FlexSteel business (FlexSteel Holdings, Inc. and its subsidiaries) acquired through merger with HighRidge Resources, Inc.Word for word“We completed the acquisition on a cash-free, debt-free basis and paid total cash consideration of $621.5 million which included final adjustments for closing working capital, cash on hand and indebtedness adjustments as set forth in the related merger agreement (the “Merger Agreement”).” 10-K for 2023 | acquisition | — | $621.5 million |
FlexSteel business (FlexSteel Holdings, Inc. and its subsidiaries, through a merger with HighRidge Resources, Inc.)Word for word“We completed the acquisition on a cash-free, debt-free basis and paid total cash consideration of $658.6 million which included the initial purchase consideration, final adjustments for closing working capital, cash on hand and indebtedness adjustments, and earn-out payments made in 2024 as set forth in the related merger agreement (the “Merger Agreement”).” 10-K for 2024 | acquisition | — | $658.6 million |
Baker Hughes Pressure Control LLC (65% interest)Word for word“On January 1, 2026 (the “Closing Date”), Baker Hughes Holdings LLC ("Baker Hughes Holdings") and certain of its affiliates sold 65% of the limited liability company membership interests ("Membership Interests") in Baker Hughes Pressure Control LLC (the "Joint Venture" or "Cactus International"), which holds Baker Hughes Company's former surface pressure control business (the "Acquired Business") to Cactus UK Holding Limited (the “Cactus Member”), a subsidiary of Cactus Companies, for a cash purchase price of $344.5 million, subject to certain working capital, cash, debt, capital expenditure and other customary adjustments (the "Baker Hughes Transaction").” 10-K for 2025 | acquisition | January 1, 2026 | $344.5 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2021-12-31 | $0 | — |
| 2022-12-31 | $0 | — |
| 2023-12-31 | $616.2 million | $195.2 million |
| 2024-12-31 | $0 | — |
| 2025-12-31 | $0 | — |
Deal filings since 2016
- 2026-06-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-01-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-01-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-12-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-06-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-01-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-01-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-07-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-03-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-07-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-02-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Cactus’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.