HMH Holding

General Information
Business:

We provide drilling equipment and services for the oil and gas industry. (Incorporated in Delaware)

Note: Baker Hughes and Akastor are the owners of HMH Holding, with each owning a 50 percent stake in the company before the IPO.

We are a leading provider of highly engineered mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. Our global reach, technical expertise and innovative product offerings, coupled with our integrated operations from manufacturing to aftermarket services, allow us to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment we provide. In addition, we are growing our portfolio of products and services to adjacent industries, such as mining. The complexity and criticality of our installed equipment drive customers to choose us for their aftermarket support, particularly in the offshore environment, which is subject to extensive regulation.

Our comprehensive portfolio of offerings, supported by integrated delivery capabilities and broad range of applications, enables us to address a full range of customer priorities. 

Our global operations include a presence in 16 countries and sales in more than 60 countries.

Our core customers are drilling contractors, as well as operators, including oil and gas companies and mining companies, and manufacturers.

Note: Net income and revenue are for the 12 months that ended June 30, 2024.

(Note: HMH Holding filed its S-1 on Aug. 12, 2024, for its IPO, with estimated proceeds of $100 million. No pricing terms were disclosed.)

Industry: Oil & Gas Field Machinery & Drilling Equipment
Employees: 2068
Founded: 2021
Contact Information
Address 3300 North Sam Houston Parkway East Houston, Texas 77032
Phone Number (281) 449-2000
Web Address https://www.hmhw.com/
View Prospectus: HMH Holding
Financial Information
Market Cap
Revenues $812.54 mil (last 12 months)
Net Income $41.1 mil (last 12 months)
IPO Profile
Symbol HMHW
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $100.0 mil
Manager / Joint Managers J.P. Morgan/ Piper Sandler/ Evercore ISI/ Citigroup/Stifel/DNB Markets
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change