Architect Equity LLC entered into an agreement to acquire Timec Oilfields, LLC from Ferrovial, S.A. (BME:FER) on November 12, 2021. Timec, which reported revenues of $165 million in 2020. The transaction is expected to take place at November 30, 2021. Architect Equity LLC completed the acquisition of Timec Oilfields, LLC from Ferrovial, S.A. (BME:FER) on December 1, 2021.