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John P. Gavin, CFA, is the founder and CEO of Disclosure Insight®, an independent publisher of investment research. Mr. Gavin has spent his entire career of over 25 years in the financial services industry. Prior to starting “DI” in 2000, he worked as an equity analyst and portfolio manager... More
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  • Oceaneering International’s Latest Acquisition Larger than All Others in Past Five Years Combined 0 comments
    Dec 21, 2011 5:00 PM | about stocks: OII, AGR

    On 20-Dec-11, Oceaneering International, Inc. (NYSE: OII) announced that it completed the acquisition of AGR Field Operations, a provider of inspection, maintenance, subsea engineering, and field operations services to the oil and gas industry, for approximately $230 million. After examining OII’s 5-year acquisition history, this comes as its fifth acquisition since 2007 and the largest one yet.

    Prior to its acquisition of AGR, the company had completed 4 acquisitions since Apr-07. The terms for three were disclosed totaling $116 million, of which $41 million was allocated to goodwill. The purchase price allocation of AGR has not yet been provided. OII paid for the acquisition with a combination of cash on hand and funds borrowed under a revolving credit facility.

    This is the press release on the AGR acquisition.

    Stocks: OII, AGR
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