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Announced

Completed

PX Group completed the acquisition of a majority stake in NRG Well Management.

Financials

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

Tags

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Private

United Kingdom

Single Bidder

Majority

Completed

well management

Friendly

Mechanical and Electrical Maintenance

Acquisition

Synopsis

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PX Group, an energy and industrial solutions business completed the acquisition of NRG Well Management, a provider of well management services to the oil & gas industry. Financial terms were not disclosed. “NRG Well Management brings industry-leading expertise to PX Group, extending our capability to the full upstream asset lifecycle. On a personal note I am delighted to build an even stronger working relationship with the Mackay family,” Geoff Holmes, PX Group CEO.

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