PPHB

fortress

PPHB advised Fortress Downhole Tools on its sale to NOV


Fortress Downhole Tools, LLC (“Fortress”)

Founded in 2018, Fortress is the leading provider of proprietary and recyclable setting tools and services to the U.S. onshore energy industry. The Company’s patented setting tool technology and unique recycling program (branded “CYCLOPS”) is a superior alternative to conventional field redressable and disposable setting tool offerings and is gaining rapid market adoption across the well completions segment. Fortress is headquartered in Broussard, Louisiana with operations across every major oil & gas region in the U.S. and employs ~115 personnel.

NOV, Inc. (“NOV”)

NOV (NYSE:NOV) is a leading independent equipment and technology provider with an extensive proprietary technology portfolio supporting the global oil and gas industry’s drilling, completion, and production needs. NOV serves major-diversified, national, and independent service companies, contractors, and energy producers in over 60 countries, operating under two segments: Energy Equipment and Energy Products and Services. NOV is headquartered in Houston, Texas.

PPHB, LP (“PPHB”)

PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: