ProPetro - M&A Summary and Business Overview

Energy Services And EquipmentCompany

ProPetro M&A Summary

ProPetro has acquired 3 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

ProPetro’s largest acquisition to date was in 2018, when it acquired Pioneer Natural Resources - Pumping Services Assets for $440M. ProPetro has acquired in 2 different US states. The Company’s most targeted sectors include energy services and equipment (100%).

ProPetro Business Overview

Where is ProPetro headquartered?

ProPetro is headquartered in Midland, Texas.

What is ProPetro’s revenue?

ProPetro disclosed revenue of 1,280M USD for 2022 and 875M USD for 2021.

How many employees does ProPetro have?

ProPetro has 1,100 employees.

What sector is ProPetro in?

ProPetro is an energy services and equipment company.

When was ProPetro founded?

ProPetro was founded in 2005.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

ProPetro

ProPetro Holding Corp.

1706 South Midkiff Road,
Midland, Texas 79701
United States,
(432) 688-0012
www.propetroservices.com

ProPetro is an oilfield services company that provides hydraulic fracturing and other complementary services to upstream oil and gas companies engaged in the exploration and production, or E&P, of North American unconventional oil and natural gas resources. The Company's operations are primarily focused in the Permian Basin, where ProPetro has cultivated longstanding customer relationships with some of the region's most active and well-capitalized E&P companies, including Callon Petroleum, Diamondback Energy, Parsley Energy, Pioneer Natural Resources, Surge Energy and XTO Energy. ProPetro was founded in 2005 and is based in Midland, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 1 - - 1 1 - 3
vol $440M $150M $590M
Sell (0.0/yr) # 1 - - - - - 1
  4

Most Recent M&A

Company Date Value Type
Par Five Energy Services LLC 2023-12-04 - Add-on Acquisition
Artesia, New Mexico · www.par-five.com
Silvertip Completion Services Operating LLC 2022-11-01 150M USD Add-on Acquisition
Midland, Texas · www.silvertipcompletions.com
ProPetro Holding Corp. - Midland Community 2019-07-02 -
Midland, Texas
Pioneer Natural Resources Co. - Pumping Services Assets 2018-11-13 440M USD Divestiture
, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 3 (100%) 590M (100%) 1 (100%) -
Total 3 $590M 1 -

By Geo

State/Country Buy Value Sell Value
United States 3 590M 1 -
  Texas 2 590M 1 -
  New Mexico 1 - - -
Total 3 $590M 1 -

Top M&A Advisors

Financial Deals
PPHB
 1
Legal Deals
Vinson & Elkins
 1

Deal Values

buy # Total
$100M to $1B 2 $590M
TOTAL $590M
Largest Pioneer Natural Resources Co. - Pumping Services Assets
$440M (2018-11-13)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Strategic(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

1,280   47% 2022
875   11% 2021
789   69% 2020
2,502   47% 2019
1,705   74% 2018
982   125% 2017
437   24% 2016
570   2015
(millions of USD) Show More Show Less

Employees

1,100

Established

2005

Public

NYSE: PUMP

 Subscribe to unlock this and 201,688
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for ProPetro

Texas Companies , Energy Services and Equipment Companies , United States Companies , Texas Energy Services and Equipment Companies , Texas Energy Services and Equipment with Acquisitions , Texas Energy Services and Equipment with Divestitures

Related Lists for Texas Companies

Largest Texas Companies , Acquisitive Texas Companies , Recently Acquired Texas Companies , Recently Sold Texas Companies , Private Texas Companies , Public Texas Companies , Acquired Texas Companies , PE Backed Texas Companies

Related Lists for Energy Services and Equipment Companies

Largest Energy Services and Equipment Companies , Acquisitive Energy Services and Equipment Companies , Recently Acquired Energy Services and Equipment Companies , Recently Sold Energy Services and Equipment Companies , Private Energy Services and Equipment Companies , Public Energy Services and Equipment Companies , Acquired Energy Services and Equipment Companies , PE Backed Energy Services and Equipment Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal