M&A Deal Summary

Flowco Acquires Flogistix

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2024-06-20
Target Flogistix
Sector Energy Services and Equipment
Buyer(s) Flowco
Sellers(s) White Deer Energy
Deal Type Merger

Target

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(S) 1

Buyer

Flowco

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

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

DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 2 of 2
Type (Merger) 3 of 3
State (Oklahoma) 1 of 1
Country (United States) 3 of 3
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 -

Seller(S) 1

SELLER

White Deer Energy

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 2.7B 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 STATS #
Overall 17 of 17
Sector (Energy Services and Equipment) 13 of 13
Type (Merger) 3 of 3
State (Oklahoma) 5 of 5
Country (United States) 15 of 15
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 -
Mergr

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