Private company
Who owns Surface Pressure Control joint venture (with a subsidiary of Cactus, Inc.)
One company in the researched set discloses a stake in Surface Pressure Control joint venture (with a subsidiary of Cactus, Inc.), worth $156m between them. Surface Pressure Control joint venture (with a subsidiary of Cactus, Inc.) is private, so no 13F reports it: a 13F covers exchange listed positions only. These figures exist because each holder disclosed the stake in its own filings.
Surface Pressure Control joint venture (with a subsidiary of Cactus, Inc.) - Profile
- Type
- joint venture
- Based in
- United States
- Founded
- 2026
The Surface Pressure Control joint venture designs, manufactures and services surface wellhead and production tree equipment for oil and gas operators, together with the aftermarket parts and field service that keep that equipment running. It was created from the surface pressure control product line that Baker Hughes had built up around the former Wood Group Pressure Control assets, and it sells almost entirely into international markets, with the Middle East accounting for the large majority of its revenue. Cactus, Inc. holds the controlling interest and runs the venture separately from its own North American pressure control business, while Baker Hughes retains a minority stake. The deal was announced in June 2025 and closed on 2 January 2026, with the venture carrying a product and aftermarket services backlog of about 600 million US dollars at closing.
Source
Surface Pressure Control joint venture (with a subsidiary of Cactus, Inc.) files nothing with the SEC, so none of this comes from a filer record. The description was written for this site in August 2026 from Baker Hughes, Cactus Create Joint Venture for Surface Pressure Control Services, Baker Hughes, Cactus Announce Closing of Surface Pressure Control Joint Venture and Cactus to Acquire 65% of Baker Hughes' Surface Pressure Control Business (Hart Energy). The ownership figures below come from the holders' filings instead, and are sourced row by row.
The disclosed stakes
One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.
Where each figure comes from
A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.
- Baker Hughes Company, as of 1 Jan 2026. In January 2026, Baker Hughes contributed its Surface Pressure Control (SPC) business (Subsea & Surface Pressure Systems, OFSE segment) to a newly formed joint venture with a subsidiary of Cactus, Inc. in exchange for total consideration of $479 million: a 35% noncontrolling interest plus approximately $323 million cash, part of which is deferred to H2 2026 pending final transfer of certain legal entities. The Q2 2026 10-Q states the initial carrying value of the retained 35% interest was approximately $156 million, with an initial gain of approximately $225 million recognized on the contribution. Reciprocal put and call arrangements exist between Baker Hughes and Cactus' parent, exercisable on the second anniversary of closing (January 2028). This is a separate, individually disclosed figure, not part of the FY2025 combined equity-method balance (the JV did not exist at 31 Dec 2025). source
What this page is not
It is not a complete register. It lists the holders who happen to be inside the researched set and disclosed the stake themselves. A private company can have many other shareholders, and nothing here rules them out: venture investors, founders and employees usually appear in no public filing at all. Percentages are of Surface Pressure Control joint venture (with a subsidiary of Cactus, Inc.) where a holder stated one, and are missing where no holder did.