Argonaut Private Equity Acquires BJ Services' Cementing Business, Rebrands as American Cementing
September 1, 2020
Argonaut Private Equity acquired the cementing solutions business from BJ Services amid BJ Services' Chapter 11 bankruptcy and has rebranded the operation as American Cementing. The deal preserves approximately 260 jobs, transfers assets including bulk plants and technical labs, and establishes an unlevered PE-backed platform focused on cementing and related well completion services across major U.S. basins.
- Buyers
- Argonaut Private Equity
- Targets
- American Cementing (cementing solutions business acquired from BJ Services)
- Sellers
- BJ Services (Chapter 11 bankruptcy estate)
- Platforms
- American Cementing
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Buyout
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