M&A Deal Summary

Park Energy Services Acquires Great Texas Compression

On May 20, 2022, Park Energy Services acquired energy services and equipment company Great Texas Compression

Acquisition Highlights
  • This is Park Energy Services’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Park Energy Services’ 3rd transaction in the United States.
  • This is Park Energy Services’ 1st transaction in Texas.

M&A Deal Summary

Date 2022-05-20
Target Great Texas Compression
Sector Energy Services and Equipment
Buyer(s) Park Energy Services
Deal Type Add-on Acquisition

Target

Great Texas Compression

San Antonio, Texas, United States
website
Great Texas Compression is focused on providing stable rental compression services. Great Texas Compression was founded in 2010 and is based in San Antonio, Texas.

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Buyer(S) 1

Buyer

Park Energy Services

Oklahoma, Oklahoma, United States

website


Category Company
Sector Energy Services and Equipment
DESCRIPTION

Park Energy Services specializes in direct storage tank vapor recovery. Park Energy Services provider of low horsepower compressor units used in the oil and gas industry. Applications for the compressors include artificial lift and vapor recovery. The company currently operates units in NM, OK, TX and LA. Park Energy Services is based in Oklahoma City.


DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 MidCon Compression

Oklahoma City,, Oklahoma, United States

MidCon Compression LLC includes 162 compression units, with a total horsepower of approximately 110,000. The majority of the units currently are being used to provide compression services to BHP Billiton Petroleum in Arkansas’ Fayetteville Shale.

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