Investment Summary

Crestview Partners Invests In U.S. Well Services

On July 16, 2018, private equity firm Crestview Partners invested in energy services and equipment company U.S. Well Services

Investment Highlights
  • This is Crestview Partners’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Crestview Partners’ 29th transaction in the United States.
  • This is Crestview Partners’ 6th transaction in Texas.
Investment Fate
  • U.S. Well Services merged with another company in 2022 for 270M USD.

Investment Summary

Date 2018-07-16
Target U.S. Well Services
Sector Energy Services and Equipment
Investor(s) Crestview Partners
Deal Type PIPE
Advisor(s) Simmons & Company
Piper Sandler & Co. (Financial)
Winston & Strawn (Legal)

Target

U.S. Well Services

Houston, Texas, United States
U.S. Well Services is a hydraulic fracturing services company. Its proprietary (Clean Fleet) technology seeks to be transformative for the industry and bring significant cost, efficiency, and environmental benefits to customers. U.S. Well Services was founded in 2012 and is based in Houston, Texas.

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Investor(S) 1

Investor

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 37 of 55
Sector: Energy Services and Equipment M&A 3 of 3
Type: PIPE M&A Deals 2 of 2
State: Texas M&A 6 of 6
Country: United States M&A 29 of 44
Year: 2018 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-26 Interoute Communications

London, United Kingdom

Interoute Communications Ltd. is a provider of connectivity, communications and computing services to international enterprises, global telecommunication service providers, mobile operators, governments and channel partners. Interoute Communications was founded in 2002 and is based in London, United Kingdom.

Sell €1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 W Energy Partners

Dallas, Texas, United States

W Energy Partners is an E&P company that acquires non-operated working interests in acreage and producing wells in the core of the Williston Basin in North Dakota. W Energy Partners is based in Dallas, Texas.

Sell -