Announced
Completed
Financials
Tags
United States
Completed
Single Bidder
pressure pumping
Private
Acquisition
Friendly
Domestic
Oil Equipment and Services
Majority
Synopsis
ProFrac, an energy services company, completed the acquisition of REV Energy, a pressure pumping service provider, for $140m. "We are pleased to acquire REV, a company with a track record for high-quality service as well as safety and efficiency. REV operates three fleets consisting of mostly modern Tier IV conventional pumps that can be converted into next-generation assets through DGB upgrades. We are excited for the future with REV and believe that both our customers and shareholders will benefit from the combination," Ladd Wilks, ProFrac CEO.
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