Individual Buyer Acquires Bugle Energy Services

Ensign Energy Services to Acquire Citadel Drilling for $65 Million

July 23, 2026

Industrial Services

Ensign Energy Services has entered into an agreement to acquire all outstanding shares of Citadel Drilling for $65 million, subject to customary closing adjustments and conditions. The acquisition will add six high-spec alternating-current drilling rigs to Ensign’s Permian Basin operations, increasing its drilling capacity by approximately 20% and expanding its customer base and market share.

Pelican Energy Partners Acquires United Services Group

March 10, 2025

Energy

Houston-based private equity firm Pelican Energy Partners has acquired United Services Group, a Charlotte-based full-service welding, machining, and fabrication contractor serving utilities and power generators. The deal expands Pelican's portfolio in the energy services sector and will support USG's continued growth across nuclear, fossil, natural gas, solar, and petrochemical markets.

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.

Undisclosed Strategic Buyer Acquires Large Regional Commercial Petroleum and Lubricants Company

June 19, 2023

Oil & Gas

1858 Capital Partners advised on the sale of a large regional commercial petroleum and lubricants company to an undisclosed strategic buyer. Financial terms were not disclosed, and the buyer identity was not provided in the announcement.

Argonaut Private Equity Acquires Bandera Utility Contractors

May 4, 2022

Construction

Argonaut Private Equity, a Tulsa-based private equity firm, has acquired Bandera Utility Contractors, an underground wet-utility contractor headquartered in McKinney, Texas. The deal is the second investment from Argonaut's Fund V and is intended to accelerate Bandera's growth and operational expansion across Texas.

Energy and Environmental Services Acquires Abilene Celex Services

February 1, 2020

Oil & Gas

Energy and Environmental Services, Inc. (OTC: EESE) acquired all membership interests in Abilene Celex Services, LLC, a Texas-based oilfield chemical provider, for $325,000 effective February 1, 2020. Management expects pro forma combined 2019 revenues of approximately $9.5 million, with Celex contributing about $700,000; EES said it will manufacture field-ready products for Celex at its Snyder, Texas plant to capture freight savings and volume discounts.