Innovex designs, manufactures, sells and rents mission critical engineered
products to the global oil and natural gas industry. Our vision has been to
create a global leader in well-centric products and technologies through
organic, customer-linked innovations and disciplined acquisitions to drive
leading returns for our investors. Our products are used across the lifecycle of
the well (during the construction, completion, production and intervention
phases) and are typically utilized downhole and consumable in nature. Our
products perform a critical well function, and we believe they are chosen due to
their reliability and capacity to save our customers time and lower costs during
the well lifecycle. We believe that our products have a significant impact on a
well’s performance and economic profile relative to the price we charge,
creating a “Big Impact, Small Ticket” value proposition. The majority of our
2022 revenue came from product families that we believe hold a top three
competitive position in their primary markets based on our total addressable
market (“TAM”) estimates. We estimate that our TAM for our applicable products
across the NAM (as defined herein) market was approximately $2.0 billion in 2022
and $1.6 billion in 2021. We have a growing presence across our International
and Offshore (as defined herein) markets and estimate that the TAM for our
applicable products across these regions was approximately $2.2 billion in 2022
and $2.0 billion in 2021. Many of our products can be used in a significant
portion of our customers’ wells globally, with our most advanced products
providing mission critical solutions for some of the most challenging and
complex wells in the world. We have a track record of developing proprietary
products to address our customers’ evolving needs, and we maintain an active
pipeline of potential new products across various stages of development. Our
business is high margin and capital-light, enabling us to generate strong
returns on invested capital. We have a disciplined hist
Lead Underwriter
Goldman Sachs & Co. LLC,J.P. Morgan Securities LLC,Piper Sandler & Co
