On the Record · King Merger Sub II
King Merger Sub II acquisitions, on the record
The businesses King Merger Sub II 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 |
|---|---|---|---|
specialty chemical businessWord for word“Other Services, which consists of our smaller, non-core service lines that have either been divested, or are in the process of being divested, including our specialty chemical business (divested in June 2016), equipment manufacturing and repair (initial divestiture in January 2017, and remainder divested in February 2017) and our international coiled tubing operations in the Middle East (operations ceased late 2015, and began winding down in 2016).” 10-K for 2016 | divestiture | divested in June 2016 | — |
equipment manufacturing and repair businessWord for word“Additionally, we divested our specialty chemical business on June 29, 2016 and began the process of selling our equipment manufacturing and repair service line, with the initial sale closing on January 25, 2017, and the remaining sale closing on February 28, 2017.” 10-K for 2016 | divestiture | initial sale closing on January 25, 2017, and the remaining sale closing on February 28, 2017 | — |
completion and production services business (the C&P Business) of Nabors Industries Ltd.Word for word“In 2015, Old C&J combined with the completion and production services business (the "C&P Business") of Nabors Industries Ltd. ("Nabors") in a transformative transaction (referred to herein as the "Nabors Merger") that nearly tripled the Company's size, significantly expanding the Company's Completion Services business and adding the Well Support Services business to the Company's service offering.” 10-K for 2016 | merger | 2015 | — |
O-Tex Holdings, Inc.Word for word“In addition, we paid to the Stockholders’ Representative, and each Stockholder became entitled to receive a pro rata portion of, $90.8 million in cash.” 10-K for 2017 | acquisition | — | $90.8 million in cash |
Well Support Services business in Western Canada (Canadian Divestiture, sold to CWC Energy Services Corp.)Word for word“With the closing of the Canadian Divestiture on November 5, 2017, we have completely exited the Well Support Services business in Western Canada, and we are no longer providing any oilfield services in Canada.” 10-K for 2017 | divestiture | November 5, 2017 | — |
specialty chemical business, equipment manufacturing and repair business, and international coiled tubing operations in the Middle EastWord for word“During 2016 and into the first quarter of 2017, we divested several of our small, non-core businesses, including our specialty chemical business, equipment manufacturing and repair business, and our international coiled tubing operations in the Middle East.” 10-K for 2017 | divestiture | During 2016 and into the first quarter of 2017 | — |
artificial lift businessWord for word“We completed the sale of substantially all of the assets and inventory associated with the artificial lift business on July 2, 2018.” 10-K for 2018 | divestiture | July 2, 2018 | — |
Canadian rig businessWord for word“Additionally, we shut down our emergent Middle East operations in 2016 (completing the liquidation in 2018), and sold our Canadian rig business in November 2017, in furtherance of our goal of becoming the leading oilfield services provider across our service offering in onshore basins in the continental United States.” 10-K for 2018 | divestiture | November 2017 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $1.4 million | — |
| 2017-12-31 | $133.8 million | $147.5 million |
Deal filings since 2016
- 2019-10-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-06-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-09-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-11-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-10-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-06-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-06-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from King Merger Sub II’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-27. 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.