Baker Hughes adds to digital services portfolio
Baker Hughes said it would acquire ARMS Reliability, a provider of reliability solutions to industrial companies in mining, oil and gas, power, manufacturing and utilities.
ARMS Reliability’s solutions leverage data capture, integration, visualization and analytics to improve reliability and availability of physical assets.
Terms of the transaction were not disclosed. It is expected to close in the second quarter of 2021 and ARMS will be integrated into the Bently Nevada product line within Baker Hughes’ Digital Solutions segment.
PE firm adds to oil and gas holdings
Finnish software company TietoEVRY Oyj agreed to sell businesses serving the oil and gas industries to companies owned by private equity firm Thoma Bravo.
Thoma Bravo will combine the assets, which include TietoEVRY’s energy components and the DaWinci logistics management businesses, with its Quorum Software and Aucerna portfolio companies. The agreement values the TietoEVRY assets at $188 million.
The combined company will be based in Houston.
Howard Energy closes deal for plant
Howard Energy Partners announced it had closed on its agreement with a subsidiary of MPLX LP to purchase the Javelina Facility in Corpus Christi. Javelina is a treating and fractionation plant that extracts olefins, hydrogen and natural gas liquids from the gas streams produced by local refineries, creating purity products that are then sold to local markets on behalf of its refinercustomers.
The facility is connected by pipeline to all of the major refineries in the Corpus Christi area and provides a critical service to help ensure the refineries’ productive capabilities. Excess capacity at Javelina provides the opportunity for future growth.
NorTex Midstream sold to Tailwater
Tailwater Capital, a private equity firm based in Dallas, announced that it had agreed to acquire NorTex Midstream Partners of Houston, a natural gas storage and transportation company. Financial terms of the transaction were not disclosed.
NorTex will retain its headquarters in Houston, its three field operation sites and will continue to be led by the current management team.