Creedence Energy Services Recapitalizes ProChem Energy Services

March 3, 2021

Creedence Energy Services (a portfolio company of Tower Arch Capital) has recapitalized ProChem Energy Services, making ProChem a wholly owned subsidiary while the Turner family and leadership team remain significant investors. The deal — financed by KeyBank with terms undisclosed — expands Creedence’s geographic footprint and in‑house chemical blending and oilfield service capabilities across major U.S. basins including the Permian, Eagle Ford and SCOOP/STACK.

Buyers
Creedence Energy Services, Tower Arch Capital
Targets
ProChem Energy Services, Inc.
Sellers
Turner family (founder John Turner) and existing ProChem shareholders
Industry
Energy
Location
Oklahoma, United States
Transaction Type
Recapitalization

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