Oil States Acquires Perforating Company GEODynamics

Updated 3 years 5 months ago

Oil States International agreed in December 2020 to acquired Millsap, Texas-based GEODynamics from Lime Rock Partners for $300 million and 8.66 million shares of Oil States common stock. GEODynamics manufactures perforating systems. The company was founded in 2004 by David S. Wesson. The transaction closed in January 2020 for $295 million in cash net of estimated cash acquired.