Archer Ltd to Sell NA Rental and Tubular Division to Clearlake Capital Group
Archer Limited, an oilfield services provider based in Hamilton, Bermuda, said on Wednesday that it has agreed to sell its North American Rental and Tubular division to Clearlake Capital Group, L.P. for approximately $244 million. The all-cash transaction is expected to close in June 2013. Archer's Rental and Tubular division provide equipment and services to exploration and production operators in U.S. land markets and the U.S. Gulf Of Mexico, in addition to both land and offshore markets in Mexico.
22 May 2013•3 mins read
