Ranger Energy Services Acquires PerfX Wireline Services
July 9, 2021
Ranger Energy Services, Inc. (NYSE: RNGR) completed the acquisition of PerfX Wireline Services on July 8, expanding its Mallard wireline business alongside the recent Patriot Completion Services acquisition. The transactions add significant assets (wireline trucks, pumps, cranes), eight locations and 27 customers, and include a warrant giving Ranger a 30% ownership option in XConnect; Ranger issued shares and assumed certain equipment-related debt as part of the combined deals.
- Buyers
- Ranger Energy Services, Inc.
- Targets
- PerfX Wireline Services
- Sellers
- PerfX sellers (unnamed)
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Buyout
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