M&A
confidence high
sentiment positive
materiality 0.80
Cactus provides audited financials of acquired Surface Pressure Control; FY2024 revenue $503M, net direct expenses $89M
Cactus, Inc.
- Acquisition of 65% of Baker Hughes Pressure Control LLC closed Jan 1, 2026; cash consideration ~$345M.
- SPC FY2024 revenue $503M; revenue less direct expenses $89M (audited).
- SPC 9M 2025 revenue $469M; revenue less direct expenses $96M (unaudited).
- Assets acquired $410M; liabilities assumed $201M as of Sep 30, 2025.
- Baker Hughes retains 35% non-controlling interest in the joint venture.