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

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.

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

November 1, 2022

Energy

ProFrac Holding Corp. completed a stock-for-stock merger to acquire U.S. Well Services, issuing approximately 12.9 million shares (≈$270 million based on a 10-day VWAP) and using cash to retire about $170 million of USWS debt. The deal expands ProFrac's scale and positions it as a market leader in electric hydraulic fracturing with 12 electric fleets and an expected 44 active fleets by early 2023.

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.

Argosy Private Equity Acquires Burco, Inc.

April 26, 2023

Manufacturing

Argosy Private Equity acquired Burco, Inc., a Grand Rapids, Michigan-based manufacturer of replacement side-view mirror glass and related products. Argosy partnered with Guy Boitos of Stone River Capital Partners on the deal and said it will implement its Value Acceleration Methodology to expand product lines, leverage Burco's e-commerce platform, and pursue geographic growth.

Axis Energy Services Merges with Brigade Energy Services

October 1, 2024

Oil & Gas

Axis Energy Services and Brigade Energy Services have closed a merger to form a combined well-servicing company operating under the Axis Energy Services name and headquartered in Dallas. The combination creates a larger, technology-forward well services provider with expanded workforce and equipment capacity—positioning the company to better serve major U.S. oil and gas basins and accelerate P&A, completion and workover capabilities.

Permico Founders Acquires Assets of Permico Midstream Partners

March 3, 2022

Oil & Gas

Permico Founders, LLC acquired the assets of Permico Midstream Partners, LLC through a Chapter 11-administered sale that closed March 3, 2022. The development-stage Houston midstream company — which focuses on transporting and processing natural gas liquids (NGLs) and marketing end products — sold its assets as part of a restructuring; GulfStar served as financial advisor to the trustee during the process.