Cactus Completes Acquisition of 65% Controlling Interest in Baker Hughes Surface Pressure Control Business

Bluewave Technology Group Acquires Cactus Technology Solutions

August 27, 2025

IT Services

Bluewave Technology Group, a technology advisory and sourcing firm based in San Clemente, California, has acquired Cactus Technology Solutions, an Abilene, Texas-based IT solutions partner founded by Amy Milam. The acquisition expands Bluewave's footprint across Texas and strengthens its capabilities in cybersecurity, unified communications/contact center (UC/CC), connectivity, and mobility for midsize and enterprise customers.

Scout Surface Solutions Acquires Kinetic Pressure Control Ltd.

May 5, 2025

Oil & Gas

Scout Surface Solutions LLC has acquired Kinetic Pressure Control Ltd. from SCF Partners (SCF Ventures). The deal brings Kinetic’s patented pressure and flow control technologies (including the K-BOS shear and seal device) into Scout’s completions and surface solutions platform to expand technical capabilities and global reach.

Stratim Cloud Acquisition Corp. Signs LOI to Acquire Force Pressure Control, LLC

February 14, 2023

Energy

Stratim Cloud Acquisition Corp. (a Nasdaq-listed SPAC) signed a binding letter of intent to acquire 100% of Force Pressure Control, LLC, a Texas-based provider of pressure-control rental tools and services for frac and flowback operations. The proposed consideration includes 12 million SCAC Class A shares, $120 million in cash or notes, and an earnout of up to 3 million additional shares contingent on 2023 EBITDA; the deal is intended to close following definitive agreement and approvals.

Cactus (HighRidge Resources) to Acquire FlexSteel Technologies Holdings

January 3, 2023

Oil & Gas

Cactus entered into a definitive agreement to acquire FlexSteel Technologies Holdings and its affiliates via a merger with Cactus’ newly formed holding company HighRidge Resources and Atlas Merger Sub, LLC. The deal is structured as a cash-free, debt-free purchase for approximately $621 million upfront (subject to adjustments), with a potential earn-out of up to $75 million tied to revenue growth targets.

Baker Hughes Acquires AccessESP

July 27, 2022

Energy

Baker Hughes has agreed to acquire AccessESP, a Houston-based provider of the GoRigless ESP deployment system, to integrate the company's alternative electrical submersible pump (ESP) deployment technology into Baker Hughes' Oilfield Services segment. AccessESP — with approximately 55 employees and facilities in North America and the Middle East — will bring proprietary IP, personnel and commercial agreements to Baker Hughes to reduce costs and downtime for oilfield operators.

Pelican Energy Partners Acquires Baker Hughes' Surface Pressure Control Flow Business (Vault Pressure Control)

September 10, 2020

Energy

Pelican Energy Partners agreed to purchase the Surface Pressure Control Flow (SPC Flow) business unit from Baker Hughes in a carve-out transaction, closing on October 31, 2020. The standalone company, renamed Vault Pressure Control, will focus on wellhead pressure control products, rental frac/flowback equipment and related services across the US, Canada, Australia, Papua New Guinea and Trinidad & Tobago.