ProFrac Holdings Acquires FTS International (All-Cash Transaction)

Aquatech Acquires FTS H2O to Expand Membrane-Driven Brine Concentration and Zero Liquid Discharge Capabilities

May 8, 2026

IT Services

Aquatech acquired FTS H2O, an Oregon-based developer of membrane-driven brine concentration and resource recovery technologies. The deal is intended to expand Aquatech’s lithium processing, critical minerals recovery, produced water recycling, seawater brine mining, and zero liquid discharge (ZLD) capabilities.

Atlas Energy Solutions Acquires PropFlow

July 29, 2025

Energy

Atlas Energy Solutions Inc. (NYSE: AESI) has acquired PropFlow, LLC, a provider of patented on-wellsite proppant filtration technology, in a deal that closed July 28, 2025. The acquisition is intended to strengthen Atlas' proppant handling and well-completion capabilities by integrating PropFlow's filtration system with Atlas' sand supply and logistics platform.

Apex Group Acquires Flow (FTS Tech, Inc.)

April 8, 2025

Cloud & SaaS

Apex Group Ltd. has acquired FTS Tech, Inc. (trading as Flow), a private-markets SaaS platform that streamlines fund management, onboarding, and investor engagement. The acquisition (Flow brings ~15 employees and $17bn AUA) integrates Flow's technology into Apex's fund administration and middle-office services to expand digital capabilities and deliver an end-to-end private markets infrastructure.

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

November 1, 2022

Energy

ProFrac Holding Corp. (NASDAQ: PFHC) closed its stock-for-stock merger to acquire U.S. Well Services, Inc. (NASDAQ: USWS). The deal issued approximately 12.9 million ProFrac shares and included using cash to retire about $170 million of USWS debt, leaving about $35 million of certain equipment financing outstanding.

Expro Group Completes Merger with Frank's International

October 1, 2021

Energy

Expro Group and Frank's International N.V. have completed a previously announced merger, with the combined company assuming the Expro Group Holdings N.V. name and beginning trading on the NYSE under the ticker XPRO. The transaction creates a larger full‑cycle energy services provider combining well access, drilling and completions capabilities to deliver expanded scale, capability expansion and expected cost and revenue synergies.

Union Park Capital Acquires FTS (Forest Technology Systems)

January 2, 2019

Manufacturing

Union Park Capital, a Boston-based private equity firm, acquired FTS Forest Technology Systems, Ltd., a Victoria, British Columbia manufacturer of remote environmental monitoring systems. FTS will join Union Park's Advanced Environmental Monitoring Holdings (AE Monitoring) platform as an add-on to expand capabilities and accelerate growth in hydrology, fire weather and meteorology monitoring solutions.