Expro Group Completes Merger with Frank's International

Expro Acquires DeltaTek Global

February 9, 2023

Oil & Gas

Energy services provider Expro (NYSE: XPRO) has acquired Aberdeen-based well construction cementing specialist DeltaTek Global to broaden its cementing capabilities and technology portfolio. The deal is intended to accelerate DeltaTek's international deployment through Expro's global footprint and expand Expro's well construction offering across offshore and onshore markets.

Expro Acquires PRT Offshore

October 3, 2023

Oil & Gas

Expro completed its acquisition of Houston-based PRT Offshore, a provider of Hook-to-Hanger subsea well access, for approximately $106 million in total consideration (about $62 million cash and $44 million in newly issued Expro shares), with potential additional earnouts. The deal expands Expro's subsea well access capabilities and geographic reach across North and Latin America while supporting PRT Offshore's growth in Europe, Sub-Saharan Africa and Asia Pacific.

ProFrac Holdings Acquires FTS International

March 4, 2022

Energy

ProFrac Holdings, LLC completed the acquisition of FTS International, Inc., closing related refinancing transactions and appointing Lance Turner (formerly FTSI CFO) as ProFrac CFO. The combined company — which ProFrac says will be one of the largest U.S. pressure‑pumping providers — has 31 active frac fleets pro forma and generated $257.9 million of annualized combined adjusted EBITDA in Q4 2021 (before synergies).

Expro Acquires Coretrax from Buckthorn Partners

February 12, 2024

Energy

Expro (NYSE: XPRO) has entered into a definitive agreement to acquire Coretrax, an Aberdeen-based provider of performance drilling tools and wellbore cleanup, well integrity and production optimization solutions, from an investment group led by Buckthorn Partners. Total consideration is approximately $210 million (including at least $75 million cash and up to 6.75 million newly issued Expro shares); the deal is expected to close in Q2 2024 and will expand Expro's well construction and well intervention & integrity capabilities and geographic footprint.

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.

Groome Industrial Service Group (Argosy) Acquires Expro Services / Explosive Professionals (ExPro)

September 7, 2021

Industrial Services

Groome Industrial Service Group, an Argosy Private Equity portfolio company, acquired Expro Services, Inc. (also referenced as Explosive Professionals, Inc./ExPro), a Kentucky-based specialist in explosive boiler and HRSG cleaning. The add-on deal expands Groome's industrial maintenance capabilities, creates cross-selling opportunities in power generation and petrochemical markets, and enables penetration into the waste-to-energy sector.