Merger • Energy Services and Equipment

Axis Energy Services Acquires Brigade Energy Services

On October 1, 2024, Axis Energy Services acquired energy services and equipment company Brigade Energy Services from Turnbridge Capital Partners

Acquisition Context
  • This is Axis Energy Services’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Axis Energy Services’ 3rd transaction in the United States.
  • This is Axis Energy Services’ 1st transaction in Colorado.

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M&A Deal Summary

Date October 1, 2024
Target Brigade Energy Services
Sector Energy Services and Equipment
Buyer(s) Axis Energy Services
Sellers(s) Turnbridge Capital Partners
Deal Type Merger

Target Company

Brigade Energy Services

Denver, Colorado, United States
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.
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Buyer Overview 1

Buyer

Axis Energy Services

Dallas, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Axis Energy Services is an oilfield service company providing a full suite of well service rigs and ancillary rental equipment to E&P operators. Axis Energy Services is based in Dallas, Texas.


Deal Context for Buyer #
Overall 3 of 3
Sector: Energy Services and Equipment 3 of 3
Type: Merger 1 of 1
State: Colorado 1 of 1
Country: United States 3 of 3
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 SPN Well Services

Yukon, Ohio, United States

SPN Well Services is an independent oilfield services contractor that provides a broad range of completion and production related services to oil and natural gas companies in the US. SPN Well Services is based in Yukon, Ohio.

Buy -

Seller Profile 1

SELLER

Turnbridge Capital Partners

Dallas, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 600M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Turnbridge Capital Partners is a private equity firm focused on investing in middle-market energy services and equipment providers supporting upstream, midstream, and downstream energy companies. Turnbridge will consider companies throughout North America and looks to commit $20 to $100 million in companies generating $25 to $250 million in revenue. Turnbridge prefers control investments, but will consider select minority situations. Turnbridge Capital Partners was formed in 2008 and is headquartered in Houston, Texas.


Deal Context for Seller #
Overall 11 of 11
Sector: Energy Services and Equipment 9 of 9
Type: Merger 1 of 1
State: Colorado 1 of 1
Country: United States 11 of 11
Year: 2024 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Probe Technologies

Fort Worth, Texas, United States

Probe Technologies is a provider of cased hole logging and reservoir monitoring technology to the global oil and gas and geothermal industries. Probe Technologies was established in 1994 and is based in Fort Worth, Texas.

Sell $6M