Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Cactus, Inc. completed an acquisition involving Baker Hughes Holdings LLC for $344,500,000 (closed 2026-01-01).
- Action
- acquisition
- Counterparty
- Baker Hughes Holdings LLC
- Consideration
- $344,500,000
- Closing
- 2026-01-01
Exact text from the filing
On January 1, 2026 (the “Closing Date”), Baker Hughes Holdings and certain of its affiliates sold 65% of the limited liability company membership interests in the Joint Venture (“Membership Interests”) to Cactus UK Holding Limited (the “Cactus Member”), a subsidiary of Cactus Companies, for a cash purchase price of $344,500,000 (on a debt-free, and, except as noted below, cash-free basis), subject to certain working capital, cash, debt, capital expenditure and other customary adjustments after the Closing Date (the “Purchase Price” and such transaction, the “Transaction”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Cactus, Inc. entered into Amended and Restated Limited Liability Company Agreement with Baker Hughes Pressure Control Holdings LLC valued at Purchase Price funded using cash on hand; Exit Price based on 6x Adjusted EBITDA with max valuation.
- Action
- entry
- Agreement
- collaboration
- Counterparty
- Baker Hughes Pressure Control Holdings LLC
- Value
- Purchase Price funded using cash on hand; Exit Price based on 6x Adjusted EBITDA with max valuation
Exact text from the filing
On the Closing Date, the Joint Venture, the Cactus Member, Baker Hughes Pressure Control Holdings LLC (the “ Baker Member ”), an indirect subsidiary of Baker Hughes Company, and, for the limited purposes specified therein, the Company and Baker Hughes Company, entered into an Amended and Restated Limited Liability Company Agreement of the Joint Venture (the “ LLC Agreement ”).
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