Ranger Energy Services to Acquire STEP Energy Services’ U.S. Coiled Tubing Assets
August 31, 2026
Ranger Energy Services has entered into an agreement to acquire the U.S. coiled tubing assets of STEP Energy Services. The transaction includes 13 full coiled tubing spreads, related equipment and inventory, and certain property and vehicle lease obligations, with completion expected around September 11, 2026.
- Buyers
- Ranger Energy Services, Inc.
- Targets
- STEP Energy Services (U.S. coiled tubing assets)
- Sellers
- STEP Energy Services
- Industry
- Industrial Services
- Location
- Canada
- Transaction Type
- Buyout
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