M&A Deal Summary

Flowco Acquires Flowco Production Solutions

On June 20, 2024, Flowco acquired machinery company Flowco Production Solutions from GEC

Acquisition Highlights
  • This is Flowco’s 1st transaction in the Machinery sector.
  • This is Flowco’s 3rd transaction in the United States.
  • This is Flowco’s 2nd transaction in Texas.

M&A Deal Summary
Date 2024-06-20
Target Flowco Production Solutions
Sector Machinery
Buyer(s) Flowco
Sellers(s) GEC
Deal Type Merger

Target

Flowco Production Solutions

Houston, Texas, United States
Flowco Production Solutions designs, manufactures, installs and services artificial lift equipment to maximize the efficiency and lifespan of production from oil and natural gas wells. Flowco manufactures and installs high-performance gas and plunger lift systems for E&P operators. Flowco Production Solutions is based in Houston, Texas.

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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 (Machinery) 1 of 1
Type (Merger) 3 of 3
State (Texas) 2 of 2
Country (United States) 3 of 3
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 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.

Buy -

Seller(S) 1

SELLER

GEC

Category Private Equity Firm
Founded 2008
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

GEC (Global Energy Capital) is a private equity firm specialized in the acquisition and development of industrial products companies. The Firm is primarily interested in companies that serve the energy industry, with innovative products and that are well-positioned to grow organically, via acquisitions, or through both. GEC was established in 2008 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 6 of 6
Sector (Machinery) 2 of 2
Type (Merger) 2 of 2
State (Texas) 5 of 5
Country (United States) 5 of 5
Year (2024) 2 of 2
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.

Sell -
Mergr

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