FMI Advises Gordon Technologies on 25% Interest Sale to ADH
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FMI Capital Advisors is pleased to announce that Gordon Technologies, a private equity company of Pelican Energy Partners, has sold a 25% interest from existing owners for approximately $164 million to Alpha Dhabi Holding PJSC, one of the fastest-growing investment holding companies in the UAE. FMI Capital Advisors served as the exclusive financial advisor to Gordon for this transaction.
Founded in 2014, Gordon is a leading provider of Measurement While Drilling (MWD) technology to the oil & gas industry. The transaction will support Gordon in its geographic expansion plans with one key focus being the Middle East market.
“We have experienced significant growth and have a strong track record of delivering outstanding services across the United States, and we look forward to working with Alpha Dhabi to catalyze our growth further and expand internationally into the Middle East market,” said Terry Frith, CEO of Gordon. “This represents a great opportunity to generate further value as we grow and provide our proprietary technology services to what is one of the core oil and gas markets globally."
“Gordon’s culture and employees’ willingness to go above and beyond has made Gordon an industry leader and a special place to work. We welcome Alpha Dhabi’s expertise and assistance in executing on the next stage of our growth while continuing to provide quality customer service and technology innovations. Throughout the process, Gordon and its stakeholders benefitted significantly from FMI Capital Advisors’ industry expertise and transaction guidance,” said Chris Koranek, President of Gordon.
ABOUT GORDON TECHNOLOGIES
Gordon Technologies (Gordon) is a leading provider of MWD technology to the oil & gas industry. Gordon’s proprietary technology creates a faster, more robust and more reliable MWD system that is achieving best-in-class performance, as evidenced by the company’s significant growth in the US unconventional market.
ABOUT ALPHA DHABI HOLDING
Alpha Dhabi Holding (ADH), the UAE listed conglomerate, was established in 2013 and is one of the fastest growing Abu Dhabi based investment holding companies, with more than 100 businesses spread across healthcare, renewable energy, petrochemical and other industries as well as real estate, construction and hospitality. With over 72,000 employees, ADH is a strategic contributor to the UAE economy and is committed to drive continuous growth for its stakeholders through investments in emerging businesses, supporting innovation and diversity.
About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information, visit fmicapitaladvisors.com.
FMI Capital Advisors Contact
Michael Chevalier-White
Managing Director
[email protected]