NOV Acquires Extract Companies from Riata Capital Group

National Oilwell Varco Acquires Permian Fabrication and Services, Inc.

March 12, 2019

Oil & Gas

National Oilwell Varco (NOV) has acquired Permian Fabrication and Services, Inc., an Odessa, Texas-based provider of oilfield equipment fabrication and services. The sale, announced by IAG, was completed as a strategic acquisition to bolster NOV's oilfield equipment manufacturing and service capabilities in the Permian Basin.

Atlas Copco Acquires National Tank & Equipment (NTE)

July 31, 2025

Industrial Services

Atlas Copco Group has acquired National Tank & Equipment (NTE), a Houston-based specialty rental provider of fluid-transfer and fluid-storage solutions. NTE (about 310 employees) will join Atlas Copco’s specialty rental division within the Power Technique business area, expanding the group’s rental capabilities and US presence.

Tally Energy Services Acquires Epic Lift Systems from Intervale Capital

April 4, 2019

Energy

Tally Energy Services has acquired Epic Lift Systems, a Fort Worth-based provider of plunger lift, gas lift and compression solutions, from Intervale Capital. The acquisition expands Tally's artificial lift capabilities, adding Epic's manufacturing, R&D and field-service footprint across 16 U.S. locations; financial terms were not disclosed.

Energy Vault Completes Business Combination with Novus Capital Corporation II

February 14, 2022

Energy

Energy Vault Holdings, Inc. completed a business combination with Novus Capital Corporation II and began trading on the New York Stock Exchange (NRGV) on February 14, 2022. The transaction provided approximately $235 million in gross proceeds (plus prior Series C and a $50M licensing fee from Atlas Renewable) to fund commercialization of the company’s grid-scale energy storage technologies and energy management software.

Innovex Acquires Pride Energy Services from Vault Pressure Control

August 22, 2021

Energy

Innovex Downhole Solutions acquired Pride Energy Services from Vault Pressure Control (a portfolio company of Pelican Energy Partners). Pride, headquartered in Midland, Texas, is a leading provider of ESP cable preparation and cable spooling services supporting Permian, Bakken and Alaska operations; the acquisition expands Innovex's artificial-lift and cable-management capabilities.

Natura Resources Acquires Shepherd Power; NOV Becomes Strategic Partner and Investor

December 10, 2025

Energy

Natura Resources has acquired Shepherd Power from NOV Inc., adding Shepherd's regulatory, licensing, and reactor deployment expertise to accelerate commercialization of Natura's molten-salt small modular reactor (MSR) technology. NOV will partner with Natura on manufacturing and project execution, invest in Natura and appoint a board representative to support delivery of gigawatts of SMRs for data center and industrial customers in the early 2030s.