Argonauta Energy Services Acquired by Competentia

Doeren Mayhew Capital Advisors, a middle-market investment banking firm, recently assisted Houston-based Argonauta Energy Services in selling to international oil and gas staffing firm Competentia.

Leveraging 30 years of experience, the licensed investment bankers and M&A advisors at Doeren Mayhew Capital Advisors served as exclusive financial advisor to Argonauta Energy Services. A complex deal, the transaction involved multiple sellers as well as negotiations with an overseas buyer.

“As with many of our oil-and-gas-related clients, this deal attracted interest from multiple international buyers looking to leverage the longstanding relationships our client has built in the Houston upstream energy space,” said Steven Silverman, a managing director at Doeren Mayhew Capital advisors. “Working across time zones and through cultural differences added to the complexity as we worked to structure a deal to meet the business and personal goals of our client’s six partners.”

Argonauta Energy Services provides specialized consultants and training in the drilling and subsea sectors of the oil and gas industry.

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