Kingswood Capital Management Acquires Covenant Testing Technologies

October 24, 2023

Kingswood Capital Management, LP acquired Covenant Testing Technologies, a Houston-headquartered provider of flowback, production and sand management, and pressure control equipment rentals and associated services. Kingswood partnered with industry veterans James Stewart (to serve as CEO and Chairman) and Doug Scott (board member) to support expansion of Covenant's service offering and customer base across major U.S. shale basins.

Buyers
Kingswood Capital Management, LP
Targets
Covenant Testing Technologies
Industry
Oil & Gas
Location
Texas, United States
Transaction Type
Buyout

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