Houlihan Lokey Advises Superior Energy Services on Its $600 Million Acquisition of Quail Tools

Houlihan Lokey is pleased to announce that Superior Energy Services, Inc. (Superior) has acquired Quail Tools LLC (Quail) from Nabors Industries Ltd. (Nabors).

Houlihan Lokey served as the financial advisor to Superior and assisted in structuring and negotiating the transaction on its behalf. This transaction highlights Houlihan Lokey’s expertise in advising innovative, market-leading energy services and equipment businesses supporting mission-critical applications across the well lifecycle.

Superior serves the drilling, completion, and production-related needs of oil and gas companies through a diversified portfolio of specialized oilfield services and equipment used throughout the lifecycle of oil and gas wells. In addition to operations in North America, both on land and offshore, Superior operates in approximately 47 countries internationally. With this acquisition, Superior fortifies its position as a leading provider of premium tubular solutions across both U.S. and international land and offshore markets.

Quail is a leading provider of premium tubular rentals in the U.S. land market. Quail brings a 47-year legacy of industry-leading excellence, a highly capable team, and a complementary portfolio of premium drill pipe, landing strings, completion tubing, and certified pressure control equipment. The integration of Quail with Superior’s existing rental brands, including Workstrings International, Stabil Drill, and HB Rentals, creates an integrated customer service-focused platform with industry-leading scale, technical depth, and geographic coverage.

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