Basic Energy Services - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

Basic Energy Services M&A Summary

Basic Energy Services has acquired 18 companies of its own, including 1 in the last 5 years. It has also divested 1 asset.

Basic Energy Services’ largest acquisition to date was in 2011, when it acquired Maverick Group of Companies for $180M. Basic Energy Services has acquired in 5 different US states. The Company’s most targeted sectors include energy services and equipment (67%) and transportation (12%).

Basic Energy Services Ownership

Who owns Basic Energy Services?

Basic Energy Services is owned by Ranger Energy Services. It was acquired on September 16, 2021.

Was Basic Energy Services formerly PE-backed?

Yes. Basic Energy Services was formerly owned by 2 private investors.

Basic Energy Services Business Overview

Where is Basic Energy Services headquartered?

Basic Energy Services is headquartered in Fort Worth, Texas.

What is Basic Energy Services’ revenue?

Basic Energy Services disclosed revenue of 411M USD for 2020 and 567M USD for 2019.

How many employees does Basic Energy Services have?

Basic Energy Services has 2,800 employees.

What sector is Basic Energy Services in?

Basic Energy Services is an energy services and equipment company.

When was Basic Energy Services founded?

Basic Energy Services was founded in 1992.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity18
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

Basic Energy Services

Basic Energy Services, Inc.

801 Cherry Street, Suite 2100,
Fort Worth, Texas 76102
United States,
(817) 334-4100
www.basices.com

Basic Energy Services is a provider of well-site services for oil and gas exploration and production companies. These services are fundamental to establishing and maintaining the flow of oil and gas from a well throughout its life cycle. Basic Energy Services was formed in 1992 and is based in Fort Worth, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 17 1 - - - - 18
vol $555M $94M $649M
Sell (0.2/yr) # - - 1 - - - 1
  19

Most Recent M&A

Company Date Value Type
Agua Libre Midstream LLC 2021-08-17 - Divestiture
Fort Worth, Texas · www.agualibre.com
NexTier Oilfield Solutions, Inc. - Well Support Services 2020-03-09 94M USD Divestiture
, Texas
Pioneer Fishing & Rental Services LLC 2014-09-17 16M USD Divestiture
San Antonio, Texas
Saltwater Disposal of North Dakota LLC 2012-12-20 43M USD Add-on Acquisition
Stanley, North Dakota
Surface Stac, Inc. 2012-06-04 - Add-on Acquisition
Robstown, Texas
Maverick Group of Companies 2011-06-02 180M USD Add-on Acquisition
, United States
Platinum Pressure Services, Inc. 2010-12-16 35M USD Add-on Acquisition
Decatur, Texas · www.platinumpressure.com
Xterra Fishing & Rental Tools Co. 2008-01-30 - Add-on Acquisition
Odessa, Texas
Lackey Construction LLC 2008-01-30 - Add-on Acquisition
Aspermont, Texas
Wildhorse Services, Inc. 2007-06-05 - Add-on Acquisition
Woodward, Oklahoma
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Basic Marine Services, Inc.    - Parker Drilling Offshore USA LLC 2006-12-20 2
Midland, Texas Tulsa, Oklahoma

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 12 (67%) 486M (75%) 1 (100%) -
Transportation 2 (11%) 26M (4%) - -
Business Services 1 (6%) - - -
Distribution 1 (6%) - - -
Environmental 1 (6%) 43M (7%) - -
Oil/Gas Exploration 1 (6%) 94M (14%) - -
Total 18 $649M 1 -

By Geo

State/Country Buy Value Sell Value
United States 18 649M 1 -
  Texas 11 290M 1 -
  Oklahoma 2 16M - -
  North Dakota 1 43M - -
  New Mexico 1 - - -
Total 18 $649M 1 -

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Legal Deals
Weil Gotshal & Manges
1

Deal Values

buy # Total
$100M to $1B 2 $300M
< $100M 8 $349M
TOTAL $649M
Largest Maverick Group of Companies
$180M (2011-06-02)

M&A Connections

Deals
Acquired from
Strategic(s)
11%
2 (11%)
Divested to
Strategic(s)
100%
1 (100%)

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