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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