Investment Summary

Bosworth Capital Partners and Ascent Equity Group Invest In Rod and Tubing Services

On January 1, 2013, private equity firms Bosworth Capital Partners and Ascent Equity Group invested in energy services and equipment company Rod and Tubing Services

Investment Highlights
  • This is Bosworth Capital Partners’ 1st and Ascent Equity Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is Bosworth Capital Partners’ 3rd and Ascent Equity Group’s 1st transaction in the United States.
  • This is Bosworth Capital Partners’ 1st and Ascent Equity Group’s 1st transaction in Texas.
Investment Fate
  • Rod and Tubing Services was sold to a consortium of financial buyers in 2019.

Investment Summary

Date 2013-01-01
Target Rod and Tubing Services
Sector Energy Services and Equipment
Investor(s) Bosworth Capital Partners
Ascent Equity Group
Deal Type Growth Capital

Target

Rod and Tubing Services

Dallas, Texas, United States
Rod and Tubing Services is an oil field production services business that provides comprehensive inspection, maintenance and replacement of downhole rod and tubing equipment for producing oil and gas wells. Rod and Tubing Services was founded in 1997 and is based in Dallas, Texas.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

Bosworth Capital Partners

Western Springs, Illinois, United States

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

Bosworth Capital Partners is a private investment vehicle formed to acquire and operate a mid-sized, privately-held service based or niche manufacturing business. The Firm is targeting a business with $5 to $50 million in sales and $1 to $5 million in EBITDA. Prospective companies should have sustainable growth opportunities and operate in large, fragmented markets. Bosworth was formed in 2008 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 11
Sector: Energy Services and Equipment M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 4
State: Texas M&A 1 of 3
Country: United States M&A 3 of 11
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-20 Midwest Supplies

Minneapolis, Minnesota, United States

Midwest Supplies, Inc. is a retailer of home brewing and wine equipment. Midwest Supplies was founded in 1995 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Krueger-Gilbert Health Physics

Towson, Maryland, United States

Krueger-Gilbert Health Physics is a diagnostic medical and health physics consulting group. KGHP’s client-focused team of physicists provides critical compliance services to some of the most progressive hospitals, imaging networks, private practices, and research facilities nationwide. Krueger-Gilbert Health Physics was founded in 1987 and is based in Towson, Maryland.

Buy -
Investor

Ascent Equity Group

Houston, Texas, United States

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Ascent Equity Group is a private investment firm focused on acquiring and investing in energy services companies. Ascent targets businesses with $1 to $7 million in EBITDA where ownership is looking to monetize all or part of their holdings. The Firm generally looks to acquire controlling stakes and seeks opportunities throughout Texas and the Southwestern US. Specific areas of interest include production services, midstream services, MRO companies, and equipment rental/leasing. Ascent Equity Group was formed in 2012 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Rod and Tubing Services

Dallas, Texas, United States

Rod and Tubing Services is an oil field production services business that provides comprehensive inspection, maintenance and replacement of downhole rod and tubing equipment for producing oil and gas wells. Rod and Tubing Services was founded in 1997 and is based in Dallas, Texas.

Sell -