Professional M&A intelligence for the energy transition
ChampionX Corporation acquired UK-based RMSpumptools Limited for approximately $110M, expanding its electric submersible pump (ESP) artificial lift offering with RMS's intelligent ESP technology platform serving the offshore and harsh environment markets.
ProPetro Holding Corp. acquired Par Five Energy Services, adding cementing services to ProPetro's hydraulic fracturing and wireline offering in the Permian Basin and increasing its addressable market with existing Permian customers.
Liberty Energy acquired PropX, a provider of last-mile proppant delivery solutions and proprietary container-based logistics technology used in U.S. land hydraulic fracturing operations. The acquisition vertically integrates proppant delivery into Liberty's frac services offering.
Helmerich & Payne, Inc. completed the acquisition of KCA Deutag International for $1.97 billion in cash, including the assumption of certain debt. KCA Deutag is a global drilling company and has a significant land drilling presence in the Middle East, with additional operations in South America, Europe and Africa.
Precision Drilling Corporation completed the acquisition of CWC Energy Services in a deal valued at approximately C$127 million, adding 65 service rigs and 7 drilling rigs operating primarily in the Western Canadian Sedimentary Basin. The deal consolidates Precision's market-leading position in Canadian land drilling and well servicing.
Expro (NYSE: XPRO), which provides energy services, completed its acquisition of offshore services provider PRT Offshore, for $106 million. PRT Offshore is the only company to provide a complete Hook-to-Hanger solution enabling well completions, interventions, and decommissioning services from surface to subsea.
Archrock completed the acquisition of Total Operations and Production Services (TOPS) for $983 million, including approximately 580,000 horsepower of natural gas compression equipment focused on the Permian Basin.
Solaris Oilfield Infrastructure (renamed Solaris Energy Infrastructure) completed the acquisition of Mobile Energy Rentals for approximately $200 million, marking a strategic diversification beyond oilfield logistics into distributed power generation equipment rental serving data centers, oilfield power and other commercial markets.
Galp acquired the 24.99% it did not already own in Titan 2020 S.A. The stake was acquired from Cobra for a total consideration of €140 million.
Madison Energy Infrastructure acquired Pro-Tech Energy Solutions, a Moorestown, New Jersey-based turnkey energy services and EPC firm, in 2023.