RPC, Inc. Acquires Pintail Completions

RPC, Inc. Acquires Spinnaker Oilwell Services, LLC

June 30, 2023

Oil & Gas

RPC, Inc. (NYSE: RES) acquired Spinnaker Oilwell Services, LLC, a provider of oilfield cementing services headquartered in Oklahoma City, effective July 1, 2023, for $79.5 million in total consideration. The purchase expands RPC's cementing capabilities and geographic footprint into the Permian and Mid-Continent basins, where Spinnaker operates two facilities and 18 full-service cementing spreads.

ProPetro Acquires Silvertip Completion Services

November 1, 2022

Energy

ProPetro Holding Corp. (NYSE: PUMP) has acquired Silvertip Completion Services Operating, LLC, a Midland, Texas-based provider of wireline perforating and pumpdown services focused on the Permian Basin. The transaction consideration included 10.1 million shares of ProPetro common stock, $30 million cash and the payoff of approximately $7 million of debt, implying a value of about $150 million; management expects the acquisition to be immediately accretive and to materially boost 2023 adjusted EBITDA and free cash flow.

Ranger Energy Services Acquires Patriot Completion Solutions

May 17, 2021

Oil & Gas

Ranger Energy Services, Inc. (NYSE: RNGR) acquired Patriot Completion Solutions LLC (d/b/a Patriot Well Solutions) in an all-stock transaction. The deal expands Ranger's wireline evaluation and intervention capabilities, adding Patriot's 22 wireline units and experienced technical team while Patriot was a portfolio company of White Deer Energy.

Tailwater E&P Acquires Non‑Operated Permian Basin Asset Package from Accelerate

October 1, 2024

Oil & Gas

Tailwater E&P LLC, the upstream platform of private equity firm Tailwater Capital, acquired an off‑market non‑operated working interest asset package in the Permian Basin from Accelerate Resources Operating LLC. The assets include more than 5,000 net leasehold acres and produce in excess of 5,000 net barrels of oil equivalent per day across the Midland and Delaware Basins, and Tailwater E&P hedged a significant portion of the production profile as part of the transaction.

Ranger Energy Services Acquires PerfX Wireline Services

July 9, 2021

Oil & Gas

Ranger Energy Services, Inc. (NYSE: RNGR) completed the acquisition of PerfX Wireline Services on July 8, expanding its Mallard wireline business alongside the recent Patriot Completion Services acquisition. The transactions add significant assets (wireline trucks, pumps, cranes), eight locations and 27 customers, and include a warrant giving Ranger a 30% ownership option in XConnect; Ranger issued shares and assumed certain equipment-related debt as part of the combined deals.

Transition Capital Partners Acquires PAT Tank Inc.

November 1, 2024

Industrial Services

Transition Capital Partners (TCP), with financing and an equity co-investment from Plexus Capital, acquired PAT Tank Inc., a Port Arthur, Texas-based provider of above-ground storage tank construction and repair. The transaction closed November 1, 2024, with 3 Rivers Capital selling its portfolio company; GulfStar served as exclusive financial advisor to PAT Tank. The deal positions TCP to capitalize on ongoing regulatory-driven demand for tank installation, repair and upgrades across Gulf Coast industrial markets.