Innovex Acquires Pride Energy Services from Vault Pressure Control

August 22, 2021

Innovex Downhole Solutions acquired Pride Energy Services from Vault Pressure Control (a portfolio company of Pelican Energy Partners). Pride, headquartered in Midland, Texas, is a leading provider of ESP cable preparation and cable spooling services supporting Permian, Bakken and Alaska operations; the acquisition expands Innovex's artificial-lift and cable-management capabilities.

Targets
Pride Energy Services
Sellers
Vault Pressure Control, Pelican Energy Partners, Pride Trio, LLC
Industry
Energy
Location
Texas, United States
Transaction Type
Divestiture

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