Covey Holdings, LLC /
Quail Tools, LLC
Covey Holdings, LLC agrees to buy Quail Tools, LLC
Source for the buyer and target: Nabors Industries Ltd.
For the buyer and target.
“On August 20, 2025 (the “Sale Date”), two indirect wholly-owned subsidiaries of Nabors Industries Ltd. (“Nabors”), PD Dutch, LLC and PD ITS, LLC (collectively, the “Sellers”) and Covey Holdings, LLC (the “Buyer”), an indirect wholly-owned subsidiary of Superior Energy Services, Inc. (“Superior”), entered into a Membership Interest Purchase Agreement (the “Agreement”), pursuant to which all of the equity interests in Quail Tools, LLC (“Quail”) were sold by Sellers to Buyer on the Sale Date (the “Sale”).”
Published 22 Aug 2025
Open the sourceWhat happened
Covey Holdings, LLC agreed to acquire Quail Tools, LLC for $600.0 million plus adjustments for net working capital, according to a filing dated Aug. 22, 2025. [01]
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Covey Holdings, LLC agrees to buy Quail Tools, LLC
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Announced
“Covey Holdings, LLC agrees to buy Quail Tools, LLC Covey Holdings, LLC agreed to acquire Quail Tools, LLC for $600.0 million plus adjustments for net working capital, according to a filing dated Aug. 22, 2025”
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