M&A Deal Summary

Basic Energy Services Acquires Maverick Group of Companies

On June 2, 2011, Basic Energy Services acquired energy services and equipment company Maverick Group of Companies for 180M USD

Acquisition Highlights
  • This is Basic Energy Services’ 10th transaction in the Energy Services and Equipment sector.
  • This is Basic Energy Services’ largest (disclosed) transaction.
  • This is Basic Energy Services’ 14th transaction in the United States.

M&A Deal Summary
Date 2011-06-02
Target Maverick Group of Companies
Sector Energy Services and Equipment
Buyer(s) Basic Energy Services
Deal Type Add-on Acquisition
Deal Value 180M USD

Target

Maverick Group of Companies

United States
Maverick provides a full range of fracturing and stimulation services with a fleet of approximately 60,000 hydraulic horsepower and comprehensive coil tubing services, including seven coil tubing units, nitrogen and other related equipment. Maverick's operating area includes the Rocky Mountain oil and gas market with major service facilities located in Fort Morgan and Grand Junction, Colorado and depots in Aztec, New Mexico, Trinidad, Colorado, Vernal, Utah and Bartlesville, Oklahoma.

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Buyer(S) 1

Buyer

Basic Energy Services

Fort Worth, Texas, United States
Category Company
Founded 1992
Sector Energy Services and Equipment
Employees2,800
Revenue 411M USD (2020)
DESCRIPTION
Basic Energy's corporate headquarters in Forth Worth, Texas.
Basic Energy's corporate headquarters in Forth Worth, Texas.

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.

DEAL STATS #
Overall 14 of 18
Sector (Energy Services and Equipment) 10 of 12
Type (Add-on Acquisition) 14 of 16
Country (United States) 14 of 18
Year (2011) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-16 Platinum Pressure Services

Decatur, Texas, United States

Platinum Pressure Services owns 13 snubbing units, which are located primarily in the Marcellus shale, and has additional operations in the Ark-La-Tex region and Barnett shale. Admiral Well Service, Inc., a wholly owned subsidiary of Platinum Pressure Services, operates six well servicing rigs, all in the Marcellus shale.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-04 Surface Stac

Robstown, Texas, United States

Surface Stac, Inc., is a provider of surface well control rental equipment.

Buy -
Mergr

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