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  6. Edge OFS Holdings Acquires Reach Wireline

M&A Deal Summary

Edge OFS Holdings Acquires Reach Wireline

On October 29, 2021, Edge OFS Holdings acquired energy services and equipment company Reach Wireline from Hastings Equity Partners

Acquisition Highlights
  • This is Edge OFS Holdings’ 1st transaction in the Energy Services and Equipment sector.
  • This is Edge OFS Holdings’ 1st transaction in the United States.
  • This is Edge OFS Holdings’ 1st transaction in Texas.

M&A Deal Summary
Date 2021-10-29
Target Reach Wireline
Sector Energy Services and Equipment
Buyer(s) Edge OFS Holdings
Sellers(s) Hastings Equity Partners
Deal Type Merger

Target

Reach Wireline

Fort Worth, Texas, United States
Reach Wireline is a provider of Cased Hole Wireline and Pumpdown Services to exploration and production companies. Reach is a technologically differentiated service provider that offers leading edge greaseless cable. The company specializes in extended laterals, highly deviated wells and complex completion designs. Reach maximizes efficiencies for its customers by focusing on safety, performance and operational risk.

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Buyer(S) 1

Buyer

Edge OFS Holdings

Houston, Texas, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Edge OFS Holdings is a completions-focused oilfield services platform positioned to deliver high quality, integrated, differentiated completion solutions in the most active oil and gas basins in North American.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Hastings Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Focused
DESCRIPTION

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 19 of 20
Sector (Energy Services and Equipment) 5 of 5
Type (Merger) 4 of 4
State (Texas) 6 of 6
Country (United States) 18 of 19
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Celerity Consulting

San Francisco, California, United States

Celerity Consulting is a provider of information management consulting services for gas and electric utilities, state governments, law firms, and corporations. Celerity specializes in helping its customers retrieve, organize, and analyze large, complex data and records for litigation, compliance, and risk management purposes. Celerity Consulting was founded in 2001 and headquartered in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Community Tree Services

Royal Oaks, California, United States

Community Tree Services is a provider of vegetation management services for gas and electric utilities, state and local municipalities, and commercial and residential customers. Community Tree Services was founded in 2001 and is based in Royal Oaks, California.

Buy -
Mergr

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