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Will Honeybourne, a First Reserve managing director in Houston who helped spearhead the deal--and beat out rival buyout shop Candover--notes that Abbot's rig-building and operating subsidiaries Bentec and KCA Deutag are particularly strong in Russia, West Africa, the Middle East and Libya.
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That beat out same-day wonders without pre-game legs, according to Director of Product Greg Cypes.
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"The companies need more than a 'wow' technology that they think will make the world beat a path to their door, " said Trish Fleming, the executive director of MIT's Enterprise Forum in Cambridge, Mass.
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