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Announced

Completed

Downhole Technology and Resource Well Completion Technologies merged into The WellBoss Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Majority

United States

Private

Friendly

Specialty Contracting

Merger

well construction

fracturing operations

Single Bidder

Synopsis

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Downhole Technology, the leading manufacturer of high-quality, composite frac plugs used in plug-and-perf multizone fracturing operations, and Resource Well Completion Technologies, a leading innovator and developer of market-leading technologies, agreed to merge into The WellBoss Company. Financial terms were not disclosed. “This is an incredible opportunity to combine two highly-successful, innovative businesses,” said Jeff McNamara, President of Downhole Technology. “WellBoss will be better positioned to increase the velocity of new completion solutions to the market, thereby increasing the value we offer for our oil and gas partners around the world. Our intense focus on solving the oil and gas industry’s completion challenges combined with an execution mindset will separate us from the competition and better serve our customers.”

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