Merger • Energy Services and Equipment

Flowco Acquires Flogistix

On June 20, 2024, Flowco acquired energy services and equipment company Flogistix from White Deer Energy

Acquisition Context
  • This is Flowco’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Flowco’s 3rd transaction in the United States.
  • This is Flowco’s 1st transaction in Oklahoma.

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M&A Deal Summary

Date June 20, 2024
Target Flogistix
Sector Energy Services and Equipment
Buyer(s) Flowco
Sellers(s) White Deer Energy
Deal Type Merger

Target Company

Flogistix

Oklahoma City, Oklahoma, United States
Flogistix manufactures wellhead gas compressors designed to meet complex unconventional reservoir compressor and vapor recovery applications. The company's equipment and services are used to improve production rates, extend the useful life of a well, increase proven reserves, reduce emissions and capture valuable vapors that would otherwise be vented or flared. With compressor control systems and a proprietary Multi-Stream system that enables companies to target and control multiple sources of gas at various pressures, Flogistix provides production optimization services for some of the largest major and independent oil and gas producers in the world. Flogistix was formed in 1996 and is based in Oklahoma City, Oklahoma.
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Buyer Overview 1

Buyer

Flowco

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
Employees1,283
Revenue 535M USD (2024)
DESCRIPTION

Flowco provides a comprehensive suite of production optimization and methane mitigation solutions. Flowco is based in Houston, Texas.


Deal Context for Buyer #
Overall 3 of 4
Sector: Energy Services and Equipment 2 of 3
Type: Merger 3 of 3
State: Oklahoma 1 of 1
Country: United States 3 of 4
Year: 2024 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 Estis Compression

Kilgore, Texas, United States

Estis Compression is a vertically integrated manufacturer and rental provider of compression equipment for use in upstream oil and gas operations. Estis Compression is based in Kilgore, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-04 Archrock s High-Pressure Gas Lift and Vapor Recovery Fleet

Houston, Texas, United States

Archrock's High-Pressure Gas Lift and Vapor Recovery Fleet comprises 155 HPGL and VRU systems to serve operators focused on electrification and emissions reduction.

Buy $71M

Seller Profile 1

SELLER

White Deer Energy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

White Deer Energy is a specialist private equity investment group focused on the energy sector. White Deer targets equity investments of $25 to $100 million in companies active in oil and gas production, oil service and equipment manufacturing and midstream infrastructure. Prospective transaction situations include companies in need of capital for growth, companies with follow-on opportunities, or management teams looking to continue to operate their companies. The Firm prefers control or co-control positions. White Deer Energy was formed in 2008 and has offices in Houston, Texas and New York, New York.


Deal Context for Seller #
Overall 17 of 18
Sector: Energy Services and Equipment 13 of 14
Type: Merger 3 of 3
State: Oklahoma 5 of 5
Country: United States 15 of 16
Year: 2024 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 Flowco

Houston, Texas, United States

Flowco provides a comprehensive suite of production optimization and methane mitigation solutions. Flowco is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-15 Flowco

Houston, Texas, United States

Flowco provides a comprehensive suite of production optimization and methane mitigation solutions. Flowco is based in Houston, Texas.

Sell -