Frank’s International N.V. (NYSE:FI) announced today that they have agreed to acquire Timco Services, Inc. The deal is scheduled to close in the second quarter of 2015, subject to regulatory approval and other customary closing conditions.
Mike Maraist and Mark Guidry, owners of Timco, attended a FOUNDERS FORUM in 2013 and principals of Founders advised Timco on the deal with Frank’s. Timco is a privately-held company that provides tubular running services and rental equipment onshore in the southern U.S. and offshore in the Gulf of Mexico.
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Founders Investment Banking (Founders) is a merger, acquisition & strategic advisory firm serving middle-market companies. Founders’ focus is on oil and gas, industrials, software, internet, digital media and healthcare companies located nationwide, as well as companies based in the Southeast across a variety of industries. Founders’ skilled professionals, proven expertise and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to assist Founders Investment Banking with securities related transactions certain Principals are registered investment banking agents of M&A Securities Group, Inc., member FINRA/SiPC. M&A Securities Group and Founders are not affiliated entities. For more information, visit www.foundersib.com.