Superior Energy Services lines up Abaco acquisition

Abaco designs and manufactures rotors and stators and provides aftermarket reline services for drilling and thru-tubing motors and vibration tools. This acquisition enhances Superior's existing portfolio of specialised bottom hole assemblies (BHAs) and the company's global footprint. With this transaction, Superior continues to accelerate its position as a supplier of choice to the global directional drilling, completions and remediation markets.

Founded in 2013, Abaco has grown to be a leading manufacturer of power section technologies with a demonstrated track record of successfully developing and commercialising innovative downhole solutions, particularly with its portfolio of cutting-edge, patent-protected elastomers and proprietary rotor and stator designs. Abaco has a history of generating strong, stable financial results despite cyclicality and volatility in the oil and gas industry. Superior plans to incorporate Abaco into its Wellbore Technologies segment, complementing its industry leading rental portfolio that includes Stabil Drill, Workstrings, Quail Tools and HB Rentals. The combination of these product offerings, along with our Wellsite Solutions brands, International Snubbing Services, International Production Services, Superior Completion Services and Wild Well Control, creates a strong, diversified portfolio of businesses positioned to deliver value to customers across the globe and throughout the entire lifecycle of their wells.

"Acquiring Abaco represents the continued execution of Superior's growth strategy," said Dave Lesar, Chairman & CEO of Superior Energy Services. "We are excited to announce this transaction and look forward to welcoming Abaco's team to Superior. We have long admired Abaco's proven capabilities in product innovation, efficient manufacturing and delivering service quality. Abaco is a natural fit within our Wellbore Technologies portfolio and further enhances our ability to deliver mission critical products to our customers."

"We are proud of what Abaco has accomplished," said Ken Babcock, Abaco's founder and Chief Executive Officer. "We developed a culture that emphasizes continuous innovation, technological excellence and best-in-class service, and I am excited about Abaco's future as part of the Superior portfolio."

"Joining Superior marks an exciting next chapter for Abaco," said Dan O'Sullivan, Chief Operating Officer of Abaco. "I look forward to continuing to lead the Abaco organisation as part of Superior's exceptional portfolio and working together to expand our capabilities, accelerate technology development and create even greater value for our customers."

The transaction is expected to close in the first quarter of 2026.

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