BasinTek

A greenfield startup in 2010, BasinTek is a manufacturer of downhole drilling motor power sections, rotors and stators.

The business generated its first sales in 2011 following the completion of a 63,000-sf facility in Houston, TX. The initial success of the product offering necessitated expanding the facility footprint to 150,000-sf in 2012, which included both manufacturing and coating capabilities. By 2013, the company expanded its presence in Canada through the construction of an 89,000-sf coating facility in Edmonton.

BasinTek

A greenfield startup in 2010, BasinTek is a manufacturer of downhole drilling motor power sections, rotors and stators.

The business generated its first sales in 2011 following the completion of a 63,000-sf facility in Houston, TX. The initial success of the product offering necessitated expanding the facility footprint to 150,000-sf in 2012, which included both manufacturing and coating capabilities. By 2013, the company expanded its presence in Canada through the construction of an 89,000-sf coating facility in Edmonton.

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BasinTek

A greenfield startup in 2010, BasinTek is a manufacturer of downhole drilling motor power sections, rotors and stators.

The business generated its first sales in 2011 following the completion of a 63,000-sf facility in Houston, TX. The initial success of the product offering necessitated expanding the facility footprint to 150,000-sf in 2012, which included both manufacturing and coating capabilities. By 2013, the company expanded its presence in Canada through the construction of an 89,000-sf coating facility in Edmonton.

BasinTek

A greenfield startup in 2010, BasinTek is a manufacturer of downhole drilling motor power sections, rotors and stators.

The business generated its first sales in 2011 following the completion of a 63,000-sf facility in Houston, TX. The initial success of the product offering necessitated expanding the facility footprint to 150,000-sf in 2012, which included both manufacturing and coating capabilities. By 2013, the company expanded its presence in Canada through the construction of an 89,000-sf coating facility in Edmonton.

Scroll

BasinTek

A greenfield startup in 2010, BasinTek is a manufacturer of downhole drilling motor power sections, rotors and stators.

The business generated its first sales in 2011 following the completion of a 63,000-sf facility in Houston, TX. The initial success of the product offering necessitated expanding the facility footprint to 150,000-sf in 2012, which included both manufacturing and coating capabilities. By 2013, the company expanded its presence in Canada through the construction of an 89,000-sf coating facility in Edmonton.

BasinTek

A greenfield startup in 2010, BasinTek is a manufacturer of downhole drilling motor power sections, rotors and stators.

The business generated its first sales in 2011 following the completion of a 63,000-sf facility in Houston, TX. The initial success of the product offering necessitated expanding the facility footprint to 150,000-sf in 2012, which included both manufacturing and coating capabilities. By 2013, the company expanded its presence in Canada through the construction of an 89,000-sf coating facility in Edmonton.

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BasinTek

A greenfield startup in 2010, BasinTek is a manufacturer of downhole drilling motor power sections, rotors and stators.

Outcome

BasinTek was sold in October 2014 to Riverstone Holdings, a large, well-established energy private equity firm.

Years Held
5

BasinTek Sales annually

2010 2011 2012 2013 2014 $0.0 $12.8 $44.7 $39.6 $73.2
2011 2012 2013 2014 2010 0.0 12.8 44.7 39.6 73.2
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