Service Companies Notch Another Deal In Slowly-Moving Rollup

摘要

Service companies Frank’s International NV (NYSE: FI) and Blackhawk Specialty Tools LLC plan to merge in a deal that gives Frank’s access to specialty cementing tools and well intervention products. The deal follows a crawling consolidation of the service and supply sector, where oil and gas companies have been among the hardest hit during the downturn. Frank’s merger is the largest deal in the sector since France’s Technip and FMC Technologies Inc. (NYSE: FTI) agreed to a $13 billion joint venture in May.