DALLAS, July 29, 2014 – Capital Alliance Corp. (www.cadallas.com), a global mid-market investment banking firm, recently advised Condor Engineering & Manufacturing, LLC, of Denver, CO during the sale of the company to National Oilwell Varco (NOV), an oilfield equipment manufacturer with $23 billion in revenues and headquarters in Houston. Condor designs and manufactures oil field equipment, including a patented hydraulic fracturing blender pumping system which significantly increases the efficiency of the fracking process.
“Condor came to us because of our expertise and track record in the oil field equipment market space,” said Jon Mueller, vice president at Capital Alliance. “The owners of Condor had taken their technology innovation as far as they could with their own resources. They knew that a larger company could expand the reach of the technology to the point where it would become an industry standard. We were able to bring NOV into the picture because the deal worked to the advantage of both parties.”
Condor’s closed-tub blender pumps mix the water, sand and chemicals that are injected into hydraulic fracturing wells. The closed-tub feature of Condor’s system holds significant environmental advantages over other blending methods and requires less horsepower to create similar output.
About Capital Alliance
Capital Alliance is a global mid-market investment banking firm providing consulting services for mergers and acquisitions. The company represents client companies in a variety of markets, including energy, technology, construction and engineering, manufacturing and business services. Since its founding in 1976, the privately held firm has completed more than 200 transactions with an aggregate transaction value in excess of $3 billion. For more than 25 years, Capital Alliance has been a member of M&A International, an organization of investment banking firms operating in the major economies of the world.
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