Read Well Services

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Read Well Services - overview

Established

1990

Location

-, -, Norway

Primary Industry

Oil & Gas

About

Read Well Services specializes in oilfield services, providing comprehensive solutions for drilling and completion projects. Their expertise enhances operational efficiency and supports resource extraction across various industries. Founded in 1990 in Norway, Read Well Services focuses on delivering quality oilfield services. The company underwent a strategic pivot in December 2016 when it sold READ Cased Hold Ltd to Norvestor Equity for an undisclosed amount.


Read Well Services has executed a total of 3 deals, with the latest funding round being a BUYOUT led by EV Private Equity, raising NOK 170. 000 mn. Readgroup. com is a premium domain name available for purchase, serving as a versatile digital asset for businesses and personal projects.


The core offering of the domain is its potential to enhance brand visibility and recognition in the online marketplace. By providing an easily pronounceable and memorable web address, Readgroup. com facilitates user engagement and improves searchability. It caters to various industries, including education, publishing, and community organizations, primarily targeting entrepreneurs, small businesses, and individuals seeking a professional online presence.


The domain has the potential to attract clients from markets including North America, Europe, and Asia. The revenue model for Readgroup. com revolves around domain sales, targeting direct-to-consumer transactions. The domain is priced at USD 17,599, with a flexible payment plan available that allows buyers to make an initial payment followed by monthly installments.


Additionally, the purchase includes value-added services such as a free logo design, accommodating the needs of both individual entrepreneurs and small to medium-sized enterprises. Looking ahead, Read Well Services is focused on expanding its market presence and product offerings. The company aims to introduce new services by mid-2017 to enhance its portfolio. Future growth will leverage the recently raised NOK 170.


000 mn to explore further opportunities in the oilfield services market. This funding will support initiatives aimed at geographic expansion, particularly targeting regions with growing oil and gas demand, while also enhancing operational capabilities. The completion of the sale of READ Cased Hold Ltd in December 2016 indicates a strategic shift that aligns with its growth strategy.


Current Investors

EV Private Equity, Viking Growth, KLP

Primary Industry

Oil & Gas

Sub Industries

Oil & Gas Exploration and Production, Petrochemicals

Website

www.readgroup.com

Total Amount Raised

Subscriber access only

Read Well Services - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedRead Well Services-
Private DebtCompletedRead Well Services-
BuyoutCompletedRead Well Services-

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