M&A Deal Summary

Apollo Global Management Acquires Bold Production Services

On February 12, 2025, asset manager Apollo Global Management acquired energy services and equipment company Bold Production Services from OFS Energy Fund

Acquisition Highlights
  • This is Apollo Global Management’s 7th transaction in the Energy Services and Equipment sector.
  • This is Apollo Global Management’s 102nd transaction in the United States.
  • This is Apollo Global Management’s 18th transaction in Texas.

M&A Deal Summary

Date 2025-02-12
Target Bold Production Services
Sector Energy Services and Equipment
Buyer(s) Apollo Global Management
Sellers(s) OFS Energy Fund
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co. (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

Bold Production Services

Houston, Texas, United States
Bold Production Services provides high quality flowback and early production equipment to oil and gas operators. The company also provides consulting services and field support. Bold Production Services was founded in 2013 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 142 of 143
Sector (Energy Services and Equipment) 7 of 8
Type (Secondary Buyout) 31 of 32
State (Texas) 18 of 18
Country (United States) 102 of 102
Year (2025) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-07 GFL Environmental - Environmental Services Business

Vaughan, Ontario, Canada

GFL Environmental's Environmental Services Business offers industrial and waste management services. GFL Environmental's Environmental Services Business is based in Vaughan, Ontario.

Buy $8.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-14 Covis Pharma

Luxembourg, Luxembourg

Covis Pharma is a global specialty pharmaceutical company that markets therapeutic solutions for patients with life-threatening conditions and chronic illnesses. Covis is focused on marketing and distributing an array of branded products used to treat chronic and life-threatening medical issues and improve patient outcomes in various therapeutic areas including respiratory, cardiovascular, gastroenterology, and central nervous system diseases. Covis Pharma was founded in 2011 and is based in Luxembourg, Luxembourg.

Sell -

Seller(S) 1

SELLER

OFS Energy Fund

Houston, Texas, United States

Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

OFS Energy Fund is a private equity fund focused on acquiring and growing lower middle market energy service companies. OFS seeks at least $15 million in companies generating revenue of $5 to $100 million and EBITDA of $1 to $20 million. OFS also looks to provide debt financing to private and public companies as well. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth capital financings, and special situations. OFS Energy is managed by Dorado Energy Partners LLC. The Firm was founded in 2008 and is based in Houston, Texas.


DEAL STATS #
Overall 13 of 13
Sector (Energy Services and Equipment) 7 of 7
Type (Secondary Buyout) 3 of 3
State (Texas) 10 of 10
Country (United States) 13 of 13
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 VanZandt Controls

Odessa, Texas, United States

VanZandt Controls is a specializes in the packaging, distribution, and servicing of automated valves. Lance has quickly grown VanZandt into one of the top providers of automated valves in west Texas. VanZandt Controls was founded in 2015 and is based in Odessa, Texas.

Sell -