Covenant Testing Technologies - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

Covenant Testing Technologies M&A Summary

Covenant Testing Technologies has acquired 2 companies of its own, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms.

Covenant Testing Technologies’ largest acquisition to date was in 2017, when it acquired Key Energy Services - Frac Stack & Well Testing Assets for $24M. Covenant Testing Technologies has acquired in 1 US state. The Company’s most targeted sectors include energy services and equipment (100%).

Covenant Testing Technologies Ownership

Who owns Covenant Testing Technologies?

Covenant Testing Technologies is owned by Kingswood Capital Management. It was acquired on October 24, 2023.

Is Covenant Testing Technologies PE-backed?

Yes. Covenant Testing Technologies is owned by private equity investor Kingswood Capital Management.

Was Covenant Testing Technologies formerly PE-backed?

Yes. Covenant Testing Technologies was formerly owned by 1 private investor.

Covenant Testing Technologies Business Overview

Where is Covenant Testing Technologies headquartered?

Covenant Testing Technologies is headquartered in Spring, Texas.

What sector is Covenant Testing Technologies in?

Covenant Testing Technologies is an energy services and equipment company.

When was Covenant Testing Technologies founded?

Covenant Testing Technologies was founded in 2013.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 1

Covenant Testing Technologies

Covenant Testing Technologies LLC

10077 Grogans Mill Road,
Spring, Texas 77380
United States,
(832) 500-3107
www.ctest.com

Covenant Testing Technologies provides flowback and well testing services with a special focus on horizontal and pad drilling for the upstream oil and gas services industry. Covenant Testing Technologies was founded in 2013 and is based in Spring, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 1 1 - - - - 2
vol $24M $24M
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
Stuart Pressure Control 2020-08-18 - Merger
The Woodlands, Texas · www.stuartpressurecontrol.com
Key Energy Services, Inc. - Frac Stack & Well Testing Assets 2017-06-13 24M USD Divestiture
Houston, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (100%) 24M (100%) - -
Total 2 $24M - -

By Geo

State/Country Buy Value Sell Value
United States 2 24M - -
  Texas 2 24M - -
Total 2 $24M - -

Top M&A Advisors

Legal Deals
Simmons & Simmons LLP
 1

Deal Values

buy # Total
< $100M 1 $24M
TOTAL $24M
Largest Key Energy Services, Inc. - Frac Stack & Well Testing Assets
$24M (2017-06-13)

M&A Connections

Deals
Acquired from
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Energy Services and Equipment

Established

2013

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