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ProFrac completed the acquisition of REV Energy for $140m.

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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