M&A Deal Summary

Enservco Acquires RapidHot

On September 11, 2023, Enservco acquired energy services and equipment company RapidHot

Acquisition Highlights
  • This is Enservco’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Enservco’s 2nd transaction in the United States.
  • This is Enservco’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2023-09-11
Target RapidHot
Sector Energy Services and Equipment
Buyer(s) Enservco
Deal Type Add-on Acquisition

Target

RapidHot

Washington, Pennsylvania, United States
RapidHot serves E&P customers in the Appalachian Basin and is a provider of frac water heating services in Ohio, Pennsylvania and West Virginia. RapidHot was formed in 2007 and is based in Washington, Pennsylvania.

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Buyer(S) 1

Buyer

Enservco

Longmont, Colorado, United States
Category Company
Founded 1980
Sector Energy Services and Equipment
Employees86
Revenue 22M USD (2023)
DESCRIPTION

Enservco provides a wide range of oilfield services, including hot oiling, acidizing, frac water heating, water transfer, and related services. Enservco was founded in 1980 and is based in Longmont, Colorado.

DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Adler Hot Oil Services

Vernal, Utah, United States

Adler Hot Oil Services LLC is an oilfield service company providing heating services for oil and gas well sites. Adler Hot Oil Services was founded in 1989 and is based in Vernal, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Buckshot Trucking

Edgewater, Colorado, United States

Buckshot Trucking provides hot shot trucking, dedicated freight services, and less-than-truckload (“LTL”) services within the oil and gas sector. Buckshot Trucking was founded in 2017 and is headquartered in Edgewater, Colorado.

Buy $5M
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