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FairlyValued

42 industries benchmarked · 39 live sell-side mandates · reviewed 2026-08-06

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Energy Services and Equipment

Who acquires Energy Services and Equipment companies

197 distinct acquirers across 228 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.

228
Transactions
2014 to 2026
197
Named acquirers
distinct buyers
7.0x
Median EV/EBITDA
from 12 disclosed
$144m
Median deal size
enterprise value

Most active acquirers

Ranked by number of acquisitions recorded in this sector. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.

Recorded transactions

TargetAcquirerDateValueEV/EBITDAEV/Revenue
STEP Energy Services US coiled tubing and pumping operationsRanger Energy Services2026-10-08$28m0.0x0.0x
Hornbeck Offshore ServicesHelix Energy Solutions Group2026-09-01$0k0.0x0.0x
NCS Multistage HoldingsWeatherford International plc2026-09-01$0k0.0x0.0x
WilsonTidewater Inc.2026-08-31$500m0.0x0.0x
Belle Butte LLCI Squared Capital2026-06-30$657m0.0x0.0x
Flatrock Compression Holdings LLCNatural Gas Services Group2026-06-12$120m0.0x0.0x
Wolf Pack RentalsKLX Energy Services Holdings2026-06-02$17m2.9x0.5x
Plains Midstream Canada ULCKeyera Corp.2026-05-12$3.8bn0.0x0.0x
Spire Marketing Inc.Boardwalk Pipelines2026-04-30$215m0.0x0.0x
Intrepid South RanchHydroSource Logistics2026-04-01$70m0.0x0.0x
Focus Genco Cayman Ltd.Solaris Energy Infrastructure2026-03-16$0k0.0x0.0x
HG Energy II Midstream HoldingsAntero Midstream Corporation2026-02-03$1.1bn0.0x0.0x
J-W Energy CompanyUSA Compression Partners2026-01-12$860m0.0x0.0x
Baker Hughes Surface Pressure Control businessCactus2026-01-01$0k0.0x0.0x
Dovetail MidstreamTarga Northern Delaware LLC2025-12-24$122m0.0x0.0x
American Well Intermediate HoldingsRanger Energy Services2025-11-07$91m0.0x0.0x
Aris Water SolutionsWestern Midstream Partners2025-10-15$0k0.0x0.0x
Meade Pipeline CoAres Management LLC2025-09-22$1.1bn0.0x0.0x
Quail ToolsSuperior Energy Services2025-08-20$600m0.0x0.0x
ChampionX CorporationSchlumberger Limited2025-07-16$0k0.0x0.0x
Cyrq Energy - Blue Mountain Geothermal Power PlantOrmat Technologies2025-06-18$88m0.0x0.0x
Babcock & Wilcox Enterprises - Diamond PowerAndritz2025-06-05$177m0.0x0.0x
New Fortress Energy Jamaica businessExcelerate Energy2025-05-14$1.1bn0.0x0.0x
Natural Gas Compression SystemsArchrock2025-05-01$357m0.0x0.0x
Babcock & Wilcox A/S businessKanadevia Inova Denmark A/S2025-04-29$0k0.0x0.0x
ProFrac - Power Generation AssetsFlotek2025-04-28$105m0.0x0.0x
Pintail Alternative EnergyRPC2025-04-01$245m0.0x0.6x
Parker Drilling CompanyNabors Industries Ltd.2025-03-11$0k0.0x0.0x
Moonrise MidstreamSummit Midstream Corporation2025-03-10$90m0.0x0.0x
Natural Gas Compression SystemsArchrock2025-03-10$357m0.0x0.0x
Moser AcquisitionAtlas Energy Solutions Inc.2025-02-24$0k0.0x0.0x
NextNRG Holding Corp.EzFill Holdings2025-02-13$0k0.0x0.0x
Adams Resources & EnergyARE Equity Corporation2025-02-04$0k0.0x0.0x
EnLink MidstreamONEOK2025-01-31$0k0.0x0.0x
Moser Energy SystemsAtlas Energy Solutions2025-01-27$220m0.0x0.0x
KCA Deutag International LimitedHelmerich & Payne2025-01-16$897m0.0x0.0x
Ultra Safe Nuclear Corporation MMR and Pylon reactor businessesNano Nuclear Energy Inc.2025-01-10$9m0.0x0.0x
USNC KRONOS and LOKI micro reactor businessesNano Nuclear Energy Inc.2025-01-10$9m0.0x0.0x
KinectricsBWXT2025-01-07$525m0.0x0.0x
Gravity Water Intermediate Holdings LLCDelek Logistics Partners2025-01-02$285m0.0x0.0x
AdamsTres Energy2024-11-12$140m0.0x0.0x
Thermotite do BrasilVallourec2024-09-16$18m0.0x0.0x
Red Trail Energy's Ethanol Production Plant and Carbon Capture and Sequestration (CCS) AssetsGevo2024-09-12$210m0.0x0.0x
Aqua PropProPetro2024-06-03$36m0.0x0.0x
Easton Energy - Gulf Coast NGL PipelinesONEOK2024-05-13$280m0.0x0.0x
Talen Energy - Natural Gas Plants in Corpus Christi and LaredoCPS Energy2024-03-27$785m0.0x0.0x
RMSpumptoolsChampionX2024-03-22$110m0.0x0.0x
Superior Drilling ProductsDrilling Tools2024-03-07$32m0.0x1.5x
CoretraxExpro2024-02-12$210m0.0x0.0x
Probe TechnologiesWeatherford2024-02-01$6m0.0x0.0x
Kyon EnergyTotalEnergies2024-01-23$101m0.0x0.0x
DeltaHigh Arctic Energy Services2023-12-28$7m0.0x0.0x
CompresscoKodiak Gas2023-12-18$854m6.9x2.2x
Variperm Energy ServicesForum Energy Technologies2023-11-02$150m0.0x0.0x
SvanehojITT2023-11-01$395m0.0x2.8x
Essential Energy ServicesElement Technical Services2023-09-15$59m7.1x0.5x
CWCPrecision2023-09-07$141m3.4x0.7x
Bredero ShawTenaris2023-08-14$166m0.0x0.0x
Great NorthDril-Quip2023-07-31$80m0.0x0.0x
WilliamsEnergySolutions2023-07-24$60m0.0x0.0x
Sureserve GroupCap10 Partners (PE)2023-07-12$329m0.0x0.0x
Spinnaker Oilwell ServicesRPC2023-06-30$80m0.0x0.0x
Warrego EnergyHancock Prospecting Pty Ltd.2023-03-14$313m0.0x0.0x
PKP EnergetykaPGE Polska Grupa Energetyczna2022-12-28$509m0.0x0.0x
Performance ProppantProFrac2022-12-27$475m0.0x0.0x
REV EnergyProFrac2022-12-27$140m0.0x0.0x
Silvertip Completion ServicesProPetro2022-11-01$150m0.0x0.0x
Crestwood Equity Partners's Marcellus Gathering and Compression SystemAntero Midstream Partners2022-09-12$205m0.0x0.0x
High Arctic Energy ServicesPrecision2022-07-18$38m0.0x0.0x
U.S. Well ServicesProFrac2022-06-21$270m0.0x1.3x
CBS MexicoReVolve2022-05-26$2m0.0x0.0x
USD Group - Hardisty South terminal assetsUSD Partners2022-03-28$75m0.0x0.0x
Kiva EnergySuperior Plus2022-03-23$240m0.0x0.0x
Arcola EnergyBallard2021-11-11$40m0.0x0.0x
CR AsiaShawKwei & Partners (PE)2021-11-08$101m0.0x0.0x
Basic Energy ServicesRanger Energy Services2021-09-16$37m0.0x0.0x
Pioneer Energy ServicesPatterson-UTI2021-07-06$295m0.0x0.0x
McKay DrillingMajor Drilling Group International2021-06-01$37m0.0x0.0x
Solid UltrabatteryVolt Carbon Technologies2021-05-28$1m0.0x0.0x
World Energy Efficiency ServicesXL Fleet2021-05-17$16m0.0x0.0x
AirSciencePyroGenesis Canada2021-04-27$4m0.0x0.0x
LogstorKingspan2021-03-23$285m9.0x1.0x
Centrio EnergyQIC (PE)2021-02-02$950m0.0x0.0x
West Virginia PipelineESA2020-12-16$4m0.0x0.0x
Sustainable Energy SolutionsChart Industries2020-12-15$20m0.0x0.0x
HyGear Technology and Services B.V.Xebec2020-12-08$92m24.1x7.2x
Weir Oil & GasCaterpillar2020-10-05$405m0.0x0.0x
Plains All American Pipeline LP - Milk River Pipeline SystemInter Pipeline2020-09-28$35m0.0x0.0x
Pioneer PipelineTC Energy2020-06-18$255m0.0x0.0x
JP3 Measurement LLCFlotek2020-05-18$34m0.0x0.0x
Symmetry Energy SolutionsECP (PE)2020-02-24$400m0.0x0.0x
Rio Bravo Pipeline Co.Enbridge2020-02-13$15m0.0x0.0x
Miller Pipeline and Minnesota Ltd.Artera Services2020-02-03$850m0.0x0.0x
Magellan Midstream Partners LP - Select Marine TerminalsBuckeye Partners2020-01-21$250m0.0x0.0x
APR EnergySeaspan2019-11-21$750m0.0x0.0x
Ironwood Midstream Energy Partners IIEnCap Flatrock Midstream (PE)2019-11-12$400m0.0x0.0x
CUI GlobalBel2019-11-11$32m0.0x0.0x
Jagged Peak EnergyParsley Energy2019-10-14$625m1.4x1.1x
Nine Energy ServiceBrigade Energy Services2019-09-03$17m0.0x0.0x
Universal Weather and AviationWorld Kinect2019-08-22$170m0.0x0.0x
John Wood Group PLC - Nuclear BusinessJacobs2019-08-20$385m0.0x0.0x
RTI Energy SystemsHunting2019-08-16$13m0.0x0.0x
Société des Transports Pétroliers par Pipelines (Trapil)PISTO2019-08-05$293m0.0x0.0x
Elite Compression ServicesArchrock2019-06-24$410m0.0x0.0x
Toshiba America LNG Corp.TotalEnergies2019-06-01$15m0.0x0.0x
NuStar Energy LP - St. Eustatius TerminalProstar Capital Ltd. (PE)2019-05-10$250m0.0x0.0x
Stratum ReservoirCSL Capital Management (PE)2019-04-30$205m0.0x0.0x
Essentra Pipe Protection TechnologiesNOV2019-01-14$48m0.0x0.0x
Sempra Energy - U.S. Natural Gas Storage FacilitiesEnstor2019-01-02$332m0.0x0.0x
Weatherford International Ltd - Surface Data Logging BusinessExcellence Logging2018-12-17$50m0.0x0.0x
4RefuelFinning2018-12-10$260m0.0x0.0x
Williams Cos. Inc. - Gulf Coast Natural Gas Liquids Pipeline SystemsEaston Energy LLC2018-12-06$177m0.0x0.0x
American Midstream Partners LP - Refined Products Terminalling BusinessSunoco2018-11-15$125m0.0x0.0x
Pioneer Natural Resources Co. - Pumping Services AssetsProPetro2018-11-13$440m0.0x0.0x
Bobcat DevCo LLCOasis Midstream Partners2018-11-08$125m0.0x0.0x
Magseis FairfieldMagseis ASA2018-10-30$233m0.0x0.0x
Stratum ReservoirUndisclosed2018-10-22$205m0.0x0.0x
Valero Energy Partners LPValero Energy2018-10-18$950m0.0x0.0x
Bayonne Energy CenterMorgan Stanley Infrastructure Partners (PE)2018-10-15$900m0.0x0.0x
Genesis Energy LP - Powder River Basin Midstream AssetsSilver Creek Midstream2018-10-11$300m0.0x0.0x
GrayWolf IndustrialDBM2018-10-11$135m0.0x0.0x
Lime Energy Co.Willdan Group2018-10-03$120m0.0x1.2x
Neoelectra GroupProA Capital (PE)2018-07-11$135m0.0x0.0x
Ecosse Subsea Ltd.Oceaneering2018-03-05$77m0.0x0.0x
ZincNyx Energy SolutionsMGX2017-12-13$190m0.0x0.0x
GEODynamicsOil States International2017-12-12$525m0.0x0.0x
Columbia Energy LLC - Natural Gas Fired Power PlantSouth Carolina Electric & Gas Co.2017-11-16$180m0.0x0.0x
C&J Energy Services Ltd. - Rig Services BusinessCWC2017-10-30$29m0.0x0.0x
O-Tex Pumping LLCC&J Energy Services Inc.2017-10-25$133m0.0x0.0x
Plexus Holdings plc - Jack-up BusinessTechnipFMC2017-10-19$65m0.0x0.0x
CCI Thermal TechnologiesThermon2017-10-04$196m11.5x2.7x
Spectrum Tracer ServicesNCS Multistage LLC2017-08-30$80m0.0x0.0x
Viking SeaTech Ltd.Acteon2017-08-16$12m0.0x0.6x
Epic MidstreamIMTT2017-08-02$172m0.0x0.0x
StrongholdQuanta Services2017-07-21$450m0.0x0.0x
CapeAltrad2017-07-07$511m0.0x0.0x
Mesa Compression LLC - Compression BusinessEnerflex2017-06-19$106m0.0x0.0x
Key Energy Services - Frac Stack & Well Testing AssetsOne X2017-06-13$24m0.0x0.0x
MOTIVE Drilling TechnologiesHelmerich & Payne2017-05-22$75m0.0x0.0x
RockPile Energy Services LLCKeane Group2017-05-18$285m0.0x0.0x
Ceiba EnergySecure Energy Services2017-05-15$37m0.0x0.0x
Lonestar WestClean Harbors2017-05-11$44m0.0x0.0x
Flotek Industries - Drilling Technologies DivisionNOV2017-05-02$17m0.0x0.0x
FlowchemKMG Chemicals2017-04-24$495m11.5x0.0x
Sunoco Logistics Partners LP - Toledo TerminalPBF Logistics2017-04-17$10m0.0x0.0x
Reinertsen ASAker Solutions2017-03-30$26m0.0x0.0x
Canyon Services GroupTrican Well Service2017-03-22$637m0.0x0.0x
Rotos 360 Ltd.James Fisher and Sons2017-03-22$2m0.0x0.0x
Azure Midstream Partners LPEnterprise Products Partners2017-03-15$189m0.0x0.0x
Savanna Energy Services Corp.Western Energy Services2017-03-09$533m0.0x0.0x

The 150 most recent of 228 recorded transactions in this sector. n/d means not disclosed. Most transactions close without a published multiple, which is why the disclosed count matters more than the median.

See all 228 Energy Services and Equipment transactions

Who owns Energy & Utilities companies

On PEStore, Energy Services and Equipment sits within Energy & Utilities. PEStore profiles the private equity firms and serial acquirers active there: what they own, how long they have held it, and every deal on record. Underlined acquirers above link to their profiles.

Energy & Utilities investors and acquirers on PEStoreMultiples across every sector

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