M&A Deal Summary

Brigade Energy Services Acquires Nine Energy Service - Production Solutions Segment

On September 3, 2019, Brigade Energy Services acquired energy services and equipment company Nine Energy Service - Production Solutions Segment from Nine Energy Service for 17M USD

Acquisition Highlights
  • This is Brigade Energy Services’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Brigade Energy Services’ largest (disclosed) transaction.
  • This is Brigade Energy Services’ 2nd transaction in the United States.
  • This is Brigade Energy Services’ 2nd transaction in Texas.

M&A Deal Summary
Date 2019-09-03
Target Nine Energy Service - Production Solutions Segment
Sector Energy Services and Equipment
Buyer(s) Brigade Energy Services
Sellers(s) Nine Energy Service
Deal Type Divestiture
Deal Value 17M USD

Target

Nine Energy Service - Production Solutions Segment

Houston, Texas, United States
Nine Energy Service, Inc. - Production Solutions Segment includes Nine’s fleet of 107 workover rigs, ancillary equipment and real estate associated with the 13 operating facilities throughout the United States.

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Buyer(S) 1

Buyer

Brigade Energy Services

Denver, Colorado, United States

website

Category Company
Founded 2017
Sector Energy Services and Equipment
DESCRIPTION

Brigade Energy Services is a well services company focused on providing completion, intervention, maintenance and plugging & abandonment services to the growing population of extended lateral, horizontal wellbores in the North American oil & gas industry. Brigade Energy Services was established in 2017 and is based in Denver, Colorado.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 2 of 2
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 Globe Energy Services - Well Servicing Division

Snyder, Texas, United States

Globe Energy Services LLC - Well Servicing Division focus on its core midstream water logistics and pre-frac solutions as well as power generation services for E&P clients operating in the Permian and other target basins.

Buy -

Seller(S) 1

SELLER

Nine Energy Service

Houston, Texas, United States

website

Category Company
Founded 2011
Sector Energy Services and Equipment
Employees1,212
Revenue 593M USD (2022)
DESCRIPTION

Nine Energy Service is an oilfield services company that offers completion and production solutions throughout North America. Nine Energy Service was founded in 2011 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Magnum Oil Tools International

Corpus Christi, Texas, United States

Magnum Oil Tools International Ltd. is a downhole technology provider serving the global oil and gas industry for over a decade. Magnum has a broad offering of proprietary downhole completions products including dissolvable and composite frac plugs and a number of other patented consumables.

Buy -
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