Petrosmith Acquires Wellflex Energy Solutions

EnerCorp Engineered Solutions Combines with Pro Oil & Gas Services

July 13, 2020

Oil & Gas

EnerCorp Engineered Solutions has combined with Pro Oil & Gas Services to create an expanded well flow and sand management platform. Both businesses are backed by Intervale Capital; the deal brings Pro’s early-stage flowback, pressure control and drilling services into EnerCorp’s sand management and late-stage flowback offering to broaden capabilities across North American basins.

Transition Capital Partners Invests in Petroflex North America

June 22, 2022

Manufacturing

Southlake, Texas-based private equity firm Transition Capital Partners has made an investment in Petroflex North America, a Gainesville, Texas manufacturer of HDPE conduit and accessories. Plexus Capital provided debt financing and a portion of the equity, while Infinity Capital Partners represented the Petroflex shareholders in the transaction to support the company’s continued growth.

ProFrac Holding Corp. Acquires U.S. Well Services, Inc.

November 1, 2022

Energy

ProFrac Holding Corp. completed a stock-for-stock merger to acquire U.S. Well Services, issuing approximately 12.9 million shares (≈$270 million based on a 10-day VWAP) and using cash to retire about $170 million of USWS debt. The deal expands ProFrac's scale and positions it as a market leader in electric hydraulic fracturing with 12 electric fleets and an expected 44 active fleets by early 2023.

Arcane Capital Partners Acquires Petroflex North America and Wescon Plastics

January 16, 2024

Manufacturing

Arcane Capital Partners, a Little Rock-based private investment firm, has acquired Petroflex North America (Gainesville, Texas) and Wescon Plastics, LLC (Wichita, Kansas). The transactions expand Arcane's plastics manufacturing platform, adding production capacity, engineered-resin capabilities and in-house recycling; financing included senior bank debt from JPMorgan Chase, PNC and Regions and preferred equity from Aventurine Partners.

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.

PakEnergy Acquires Petrosight

January 7, 2025

Energy

PakEnergy has acquired Petrosight, a Calgary-based provider of cloud-based wellsite management software, to broaden its end-to-end well lifecycle management capabilities. The acquisition, supported by PakEnergy's private equity partner Charlesbank Capital Partners, integrates Petrosight's drilling, completions, facilities and decommissioning modules with PakEnergy's existing land, field data capture, and accounting solutions.