Houston Chronicle

Baker Hughes adds to digital services portfolio

- From wire reports

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.

 ?? Michael Wyke / Contributo­r ?? The acquisitio­n of ARMS Reliabilit­y by Baker Hughes was expected to close in the second quarter.
Michael Wyke / Contributo­r The acquisitio­n of ARMS Reliabilit­y by Baker Hughes was expected to close in the second quarter.

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