Borco U.S.A. Acquires Permian-based Well Service Company

Borr Drilling Divests Mexico Joint Ventures (Perfomex) to Local Partner

September 15, 2026

Industrial Services

Borr Drilling Limited entered into definitive agreements to divest its 51% equity interests in the Mexican joint ventures Perforaciones Estratégicas e Integrales Mexicana S.A. de C.V. and Perforaciones Estratégicas e Integrales Mexicana II, S.A. de C.V. (together, “Perfomex”). Upon completion, its long-standing local partner will become sole owner and take over management and operation responsibilities for Borr’s jack-up rigs operating with PEMEX, while Borr retains ownership of the rigs and continues through bareboat charter arrangements.

Superior Energy Services Acquires Abaco Energy Technologies

January 30, 2026

Oil & Gas

Superior Energy Services has announced the successful closing of its previously announced acquisition of Abaco Energy Technologies. The deal expands Superior’s Wellbore Technologies segment by adding Abaco’s bottom-hole assembly capabilities and elastomer technologies for downhole drilling, completion, and remediation.

The Borgman Company Acquires West Texas Oil Assets for $31.1 Million

July 15, 2025

Oil & Gas

The Borgman Company (TBC) has agreed to acquire an undisclosed oil company’s producing assets and related service infrastructure in West Texas for $31.1 million. The deal is intended to materially expand TBC’s footprint and resource base in the Permian Basin and support continued growth in the region.

Cooper Machinery Services Acquires Terrecorp, LLC

November 28, 2023

Manufacturing

Cooper Machinery Services, a portfolio company of Arcline Investment Management, has acquired Terrecorp, LLC, a manufacturer of aluminum, bronze and steel-backed bearing shells and bushings based in Indianapolis, Indiana. The acquisition expands Cooper's product offering and manufacturing capabilities for reciprocating engines and compression systems, strengthening its position in the mission-critical compression and engine systems market.

Argonaut Private Equity Acquires Pioneer Well Services Assets (American Well Services)

March 22, 2021

Energy

Argonaut Private Equity acquired the assets of Pioneer Well Services, a subsidiary of Pioneer Natural Resources, and the operations will do business as American Well Services. The transaction retains substantially all operations employees and assets (rigs, water hauling trucks, frac tanks, hot oil units and heavy construction equipment) and positions the business to partner with Argonaut portfolio company Nichols Oil Tools to offer bundled completions and workover solutions in the Permian Basin.

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.