M&A Deal Summary

Knight Energy Services Acquires Platinum Pipe Rentals

On June 5, 2023, Knight Energy Services acquired business services company Platinum Pipe Rentals

Acquisition Highlights
  • This is Knight Energy Services’ 2nd transaction in the Business Services sector.
  • This is Knight Energy Services’ 2nd transaction in the United States.
  • This is Knight Energy Services’ 2nd transaction in Texas.

M&A Deal Summary

Date 2023-06-05
Target Platinum Pipe Rentals
Sector Business Services
Buyer(s) Knight Energy Services
Deal Type Add-on Acquisition

Target

Platinum Pipe Rentals

Odessa, Texas, United States
Platinum Pipe Rentals is a drill pipe and tubing rental operation focused on the Permian Basin and the Eagle Ford Shale. Platinum Pipe Rentals was founded in 2011 and is based in Odessa, Texas.

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Buyer(S) 1

Buyer

Knight Energy Services

Houston, Texas, United States

Category Company
Sector Business Services
DESCRIPTION

Knight Energy Services is an oilfield rental tool company. It supplies a wide offering of rental equipment and services for drilling, completion, and well control activities serving a diverse base of oil and natural gas E&P operators. Knight Energy Services is based in Houston, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 IronGate Energy Services

Houston, Texas, United States

IronGate Energy Services is a provider of rental and tubular services to the oil and natural gas exploration and production operators in North America.

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