Coretrax Overview

  • Year Founded
  • 2008

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 320

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 4

  • Investments
  • 2

Coretrax General Information

Description

Provider of wellbore clean-up and abandonment services committed to supporting the oil and gas industry with novel and advanced ways to tackle well integrity and production optimization. The company specializes in offering drilling optimization, well construction, product enhancement, intervention and cleaning services, enabling its clients to get efficient and sustainable well lifecycle service conveniently.

Contact Information

Website
www.coretrax.com
Formerly Known As
Churchill Drilling Tools (Rentals) Limited
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly PE-Backed
Corporate Office
  • Controls Building, Badentoy Road
  • Badentoy Industrial Estate
  • Portlethen AB12 4YA
  • Scotland, United Kingdom
+44 01224
Primary Industry
Other Energy Services
Other Industries
Other Commercial Services
Parent Company
Expro Group Holdings
Vertical(s)
Oil & Gas
Corporate Office
  • Controls Building, Badentoy Road
  • Badentoy Industrial Estate
  • Portlethen AB12 4YA
  • Scotland, United Kingdom
+44 01224

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Coretrax Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Coretrax Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of wellbore clean-up and abandonment services committed to supporting the oil and gas industry with novel and a
Other Energy Services
Portlethen, United Kingdom
320 As of 2024

Gainesville, TX
 

Covington, TX
 
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Coretrax Competitors (5)

One of Coretrax’s 5 competitors is Select Water Solutions, a Formerly PE-Backed company based in Gainesville, TX.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Select Water Solutions Formerly PE-Backed Gainesville, TX
Cetco Energy Services Corporation Covington, TX
T.D. Williamson Private Equity-Backed Tulsa, OK
Superior Energy Services Corporation Houston, TX
Nine Energy Service Formerly PE-Backed Houston, TX
You’re viewing 5 of 5 competitors. Get the full list »

Coretrax Patents

  • 53

    Total Documents Applications and Grants

  • Total Patents Families

  • 27

    Granted

  • Pending

  • Expiring in next 12 mo

Coretrax Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
GB-202012313-D0 Cleaning tool and method Inactive 07-Aug-2020
GB-2597799-A Cleaning tool and method Inactive 07-Aug-2020
GB-201916285-D0 Apparatus & method Inactive 08-Nov-2019
WO-2021089191-A1 Downhole cutting tool Inactive 08-Nov-2019
GB-2577385-B A downhole sealing assembly Active 10-Aug-2018 E21B17/021
To view Coretrax’s complete patent history, request access »

Coretrax Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Coretrax Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Coretrax Investments (2)

Coretrax’s most recent deal was a Buyout/LBO with Churchill Drilling Tools. The deal was made on 25-Nov-2019.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Churchill Drilling Tools 25-Nov-2019 Buyout/LBO Oil and Gas Equipment
Mohawk Energy 28-May-2019 Buyout/LBO Other Equipment
To view Coretrax’s complete investments history, request access »

Coretrax Affiliates

Subsidiaries (2)

Name Industry Location Year Founded
Mohawk Energy Houston, TX 2004
Churchill Drilling Tools Aberdeen, United Kingdom 2002

Coretrax FAQs

  • When was Coretrax founded?

    Coretrax was founded in 2008.

  • Where is Coretrax headquartered?

    Coretrax is headquartered in Portlethen, United Kingdom.

  • What is the size of Coretrax?

    Coretrax has 320 total employees.

  • What industry is Coretrax in?

    Coretrax’s primary industry is Other Energy Services.

  • Is Coretrax a private or public company?

    Coretrax is a Private company.

  • What is the current valuation of Coretrax?

    The current valuation of Coretrax is .

  • What is Coretrax’s current revenue?

    The current revenue for Coretrax is .

  • How much funding has Coretrax raised over time?

    Coretrax has raised $6.07M.

  • Who are Coretrax’s investors?

    Buckthorn Partners and Maven Capital Partners UK have invested in Coretrax.

  • Who are Coretrax’s competitors?

    Select Water Solutions, Cetco Energy Services, T.D. Williamson, Superior Energy Services, and Nine Energy Service are competitors of Coretrax.

  • When was Coretrax acquired?

    Coretrax was acquired on 15-May-2024.

  • Who acquired Coretrax?

    Coretrax was acquired by Expro Group Holdings.

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