Energy Acquisitions in Louisiana

Nabors Industries has sold its Quail Tools subsidiary to Superior Energy Services in a transaction with net consideration reported at $600 million (comprised of $375 million cash and a $250 million seller note) plus net working capital adjustments. The deal closed on Aug. 20, 2025; Nabors said the divestiture will reduce net debt by more than 25% and Superior expects to expand its rental tubular and pressure-control capabilities and realize synergies.

Cardinal Services, backed by Kotts Capital Holdings, has acquired Quality Energy Services (QES), an offshore well intervention and production optimization provider headquartered in Broussard, Louisiana. The deal expands Cardinal's specialty oilfield services capabilities and footprint across the Gulf of Mexico and Gulf Coast; QES President Randy Landry will remain with the combined company to lead QES post-closing.

Delta Utilities, a Bernhard Capital Partners portfolio company, acquired Entergy's two regulated natural gas distribution businesses serving New Orleans and East Baton Rouge Parish, adding more than 200,000 customers and approximately 200 employees. The transaction expands Delta Utilities' footprint across Louisiana and Mississippi, positioning the company to serve roughly 600,000 customers and more than 800 employees following prior platform acquisitions.

Nauticus Robotics (NASDAQ: KITT) completed the acquisition of all assets and business of SeaTrepid International, a provider of subsea robotic services, and has begun integrating SeaTrepid operations into Nauticus. The deal is expected to accelerate Nauticus' autonomous subsea services offering and drive operational growth across offshore and defense end markets.

PosiGen received an additional $150 million commitment from a direct lending infrastructure fund managed by Brookfield Asset Management, bringing Brookfield's total funding commitment to $400 million. The growth capital injection provides working capital to scale PosiGen's residential solar and energy-efficiency programs for underserved U.S. homeowners.

Danos Group Holdings has acquired Houma-based Performance Energy Services (PES), adding PES’s business units, administrative office and waterfront operations facility to the Danos family. PES will remain a separate entity and join Danos LLC, with Danos Ventures facilitating the transaction to expand Danos’s project services and waterfront capabilities in the energy sector.

ADNOC Drilling and Alpha Dhabi have incorporated a joint venture (Enersol) at Abu Dhabi Global Market and completed the JV's inaugural strategic investment by transferring Alpha Dhabi’s 25% equity stake in US-based Gordon Technologies into the JV (valued at roughly $180 million). The move gives the JV an equity position in a leading measurement-while-drilling (MWD) technology provider and is intended to accelerate capability expansion in tech-enabled energy services and optimise drilling operations for ADNOC Drilling.

JET Infrastructure acquired five fuel terminals from International-Matex Tank Terminals (IMTT), expanding the company's presence into Georgia, Alabama and New Mexico and increasing capacity and connectivity for aviation fuel and biofuels in the U.S. Southeast. The deal brings JET's portfolio to 12 assets with more than 2.1 million barrels of storage capacity and a network of 145 miles of pipeline; the terminals were sold by IMTT, which is headquartered in New Orleans, Louisiana.

United Energy Corporation (UNRG) acquired 100% of Integrity Terminals, LLC, expanding its midstream footprint and moving from a prior 12% minority stake to full ownership. The acquisition includes an option to purchase 686 acres in Iberville Parish, Louisiana, for a planned Gulf Coast bulk storage and import/export terminal; UNRG has engaged EXCEL Midstream Solutions for design, permitting and engineering work.

Helix Energy Solutions Group completed the acquisition of 100% of the equity interests in the Alliance group of companies, a Louisiana-based offshore shallow-water decommissioning and support-services provider, for $120 million in cash plus potential earnouts. The deal expands Helix's decommissioning and life-of-field maintenance capabilities and increases its presence on the Gulf of Mexico shelf as part of its Energy Transition strategy.

An affiliate of Houston-based private equity firm Voyager Interests has recapitalized VooDoo Energy Services, the largest specialty pumping service provider in the Haynesville Shale. Headquartered in Shreveport, Louisiana, VooDoo operates 23 pumping units and complementary acid and fluid transport services; the recapitalization will provide capital and industry expertise to support growth as Haynesville production and LNG export demand increase.

ADT Inc. completed its acquisition of Sunpro Solar from a group of private equity investors (led by Compass Group Equity Partners and including TGP, MGG and Millstone) for $160 million in cash plus approximately 77.8 million ADT shares ( ~ $825 million implied value). Sunpro — a rooftop solar installer with ~3,600 employees operating 56 locations in 22 states — will be rebranded as ADT Solar, with founder Marc Jones and the Sunpro management team leading the new business to expand ADT's smart-home and energy offerings.

DIF Capital Partners, through its DIF Infrastructure VI fund, has completed the acquisition of Bernhard, LLC — the largest privately owned Energy-as-a-Service (EaaS) provider in the United States — from Bernhard Capital Partners Management, LP. Senior management will retain meaningful ownership and Bernhard will serve as a core part of DIF’s U.S. EaaS strategy as the company continues to scale.

Louisiana-based H2O LLC acquired the assets and brand of BOSS Separators from Recovery Energy, Inc.; the BOSS brand will become a product line of H2O and Recovery Energy general manager Matt Adams will remain head of the BOSS product line. The deal expands H2O's water-treatment product portfolio for marine and offshore oil & gas customers and enables broader market access and enhanced engineering capabilities for the BOSS line.

QIC and Ullico have completed the acquisition of CenTrio (formerly Enwave Energy US), the largest pure-play district energy platform in the United States. CenTrio is headquartered in New Orleans, operates district heating, cooling and power systems across major U.S. cities serving more than 400 buildings, and will leverage the new investors to accelerate geographic expansion and growth of its sustainable energy capabilities.

SPL Inc., a Houston-based testing, inspection and certification (TIC) platform backed by Industrial Growth Partners, acquired the laboratory and measurement services business of Banded Iron US Inc. The add-on expands SPL's lab footprint and measurement capabilities across key U.S. energy markets (including Wyoming, New Mexico, Colorado and North Dakota) and adds new testing technology such as flash liberation testing.

Abrado Wellbore Services has acquired the specialty downhole tool product lines (including Medusa section milling, Rattler magnets, Mud Viper surface magnets and fishing tool services) from Deltide Energy Services, LLC. The purchase expands Abrado's existing downhole video, cleanout tools and chemical displacement capabilities and enables the company to offer a comprehensive solution for wellbore debris management and P&A work.