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

ProFrac Holdings Acquires FTS International

March 4, 2022

Energy

ProFrac Holdings, LLC completed the acquisition of FTS International, Inc., closing related refinancing transactions and appointing Lance Turner (formerly FTSI CFO) as ProFrac CFO. The combined company — which ProFrac says will be one of the largest U.S. pressure‑pumping providers — has 31 active frac fleets pro forma and generated $257.9 million of annualized combined adjusted EBITDA in Q4 2021 (before synergies).

Evolution Well Services Acquires eFrac Gas Treating Division from Alliance OGP

January 27, 2022

Energy

Evolution Well Services has acquired the eFrac gas treating division of Alliance OGP. The purchase expands Evolution’s in-house field gas conditioning and mobile power capabilities, strengthening its integrated electric fracturing and field gas offering to reduce emissions and operating costs for E&P customers.

ProPetro Acquires Aqua Prop

June 3, 2024

Energy

ProPetro Holding Corp. (NYSE: PUMP) acquired Aqua Prop LLC, a provider of wet sand solutions for hydraulic fracturing, in an all-cash transaction initially valued at $35.6 million net of working capital. The acquisition expands ProPetro’s integrated completions capabilities by adding onsite sand storage, handling and preferred logistics access and includes cash consideration, earnout incentives and potential growth capex.

ProFrac Holding Corp. Acquires REV Energy Holdings and Performance Proppants (plus Monarch Silica Eagle Ford operations)

December 27, 2022

Energy

ProFrac Holding Corp. (NASDAQ: ACDC) announced it closed the previously announced acquisition of the Eagle Ford sand mining operations of Monarch Silica and entered agreements to acquire REV Energy Holdings, LLC for $140 million and Performance Proppants (Performance Holdings I, LLC and Performance Holdings II, LLC) for $475 million in cash. The transactions expand ProFrac’s pressure pumping footprint in the Rockies and South Texas and materially grow its in-basin proppant capacity in the Haynesville as part of a vertical-integration strategy.

Petrosmith Acquires Wellflex Energy Solutions

November 23, 2020

Energy

Petrosmith has acquired the assets of Wellflex Energy Solutions, a Fort Worth-based engineering, fabrication and EPC specialist for oil and gas production equipment. The acquisition adds Wellflex's engineering, modular fabrication and project management capabilities to Petrosmith's manufacturing and tubular goods business, supporting expanded service offerings for energy operators.

Precision Drilling Corporation Acquires CWC Energy Services Corp.

September 7, 2023

Oil & Gas

Precision Drilling Corporation has entered into an agreement to acquire all issued and outstanding common shares of CWC Energy Services Corp. for approximately $141 million in total consideration (947,909 Precision shares valued at ~$88M, $14M cash, plus assumption of debt). The acquisition adds 62 marketed service rigs in Canada and 18 marketed drilling rigs (including 11 in the U.S.), and is expected to generate about $20 million of annual operating synergies while supporting Precision's deleveraging plan.