Isotech Laboratories has been sold to Weatherford International
Lincoln International (“Lincoln”) announced that Isotech Laboratories, Inc. (“Isotech” or the “Company”) has been sold to Switzerland-based Weatherford International Ltd. (NYSE: WFT). The terms of the transaction were not disclosed.
Based in Champaign, Illinois, Isotech is the world’s leading and largest independent provider of stable isotope testing services and highly engineered sampling products. Since its founding in 1985 as one of only a small number of commercial laboratories to offer isotopic analysis, Isotech has expanded its service offering to include high-precision chemical and stable isotope testing of natural gases, water, organic and inorganic solids and organic liquids. A broad range of blue-chip customers worldwide use Isotech’s services and products in a diverse range of applications, including oil and gas exploration and production, groundwater testing, quality control in the manufacture of pharmaceuticals and determining the purity of foods and medicines. Weatherford International is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells with 2010 revenue of $10.2 billion.
Lincoln acted as the exclusive financial advisor to Isotech, working closely with the senior management team, who were the Company’s sole shareholders, throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Commenting on the transaction, Saurin Mehta, Director at Lincoln, said, “We were delighted to create attractive alternatives, which ultimately resulted in a highly strategic, successful outcome for our client. In doing so, we leveraged our international footprint to identify and contact potential acquirers worldwide, including Weatherford International. Isotech is an outstanding business that has shown strong organic growth over the past several years. Our close relationship with the management team, deep understanding of the testing and inspection services sector and intense advocacy enabled us to help find the right partner for Isotech.”
Meet our Senior Team
My goal is to inspire and motivate our people to make a true impact with their clients, their colleagues and their communities.
Robert Brown
CEO | Managing Director | GP-Director
Chicago
As a trusted advisor, my role is to listen, create options and pursue the path that best achieves a client’s total objectives.
Saurin Mehta
Managing Director & Co-head of Business Services
Chicago
View More Transactions
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.