Dril-Quip, Inc.
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Dril-Quip, Inc. - overview
Established
1981
Location
Houston, TX, US
Primary Industry
Oil & Gas
About
Based in Houston, US, and founded in 1981, Dril-Quip, Inc. operates as an offshore drilling and production equipment manufacturer. As of 2024, the company is led by its President and Chief Executive Officer, Jeffrey J. Bird, and the company is trading on the New York Stock Exchange under the ticker symbol DRQ.
Dril-Quip designs and manufactures subsea, surface, and offshore-based drilling and production rig equipment for oil and gas companies to be used in offshore areas, subsea, onshore, and geothermal applications. Its product portfolio consists of the following oil drilling and support equipment: mudline suspension systems, liner hanger systems, subsea production systems, casing connections, diverter systems, downhole speciality tools, multi-well frac connector risers, and the e-Series brand. The company also provides support services for its equipment, ranging from installation to decommissioning.
Current Investors
Innovex Downhole Solutions, Inc.
Primary Industry
Oil & Gas
Sub Industries
Facilities & Maintenance Services, Engineering, Oil & Gas Equipment and Services
Website
www.dril-quip.com
Verticals
Manufacturing
Company Stage
Merged
Total Amount Raised
Subscriber access only
Dril-Quip, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | Dril-Quip, Inc., Innovex Downhole Solutions, Inc. | - | ||||||||
| Trade Sale | Completed | Great North Equipment Inc. | - | ||||||||
| Trade Sale | Completed | The Redco Group Incorporated | - |
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