M&A Deal Summary

NexTier Oilfield Solutions Acquires C&J Energy Services

On October 31, 2019, NexTier Oilfield Solutions acquired energy services and equipment company C&J Energy Services

Acquisition Highlights
  • This is NexTier Oilfield Solutions’ 2nd transaction in the Energy Services and Equipment sector.
  • This is NexTier Oilfield Solutions’ 2nd transaction in the United States.
  • This is NexTier Oilfield Solutions’ 2nd transaction in Texas.

M&A Deal Summary

Date 2019-10-31
Target C&J Energy Services
Sector Energy Services and Equipment
Buyer(s) NexTier Oilfield Solutions
Deal Type Merger
Advisor(s) Morgan Stanley (Financial)
Kirkland & Ellis (Legal)

Target

C&J Energy Services

Houston, Texas, United States
Entrance to C&J Energy Services' corporate headquarters in Houston, Texas.
Entrance to C&J Energy Services' corporate headquarters in Houston, Texas.
C&J Energy Services Inc. is an independent provider of premium hydraulic fracturing, coiled tubing, wireline, pressure pumping and other complementary oilfield services with a focus on complex, technically demanding well completions. C&J Energy Services was formed in 1997 and is based in Houston, Texas.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

NexTier Oilfield Solutions

Houston, Texas, United States

Category Company
Founded 1973
Sector Oil/Gas Exploration
Employees3,340
Revenue 1.4B USD (2021)
DESCRIPTION

NexTier Oilfield Solutions is a provider of integrated completions focused on US land. The company delivers safe, efficient and innovative services that enable customers to win by accelerating production while generating leading returns. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions. NexTier Oilfield Solutions was founded in 1973 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 2 of 2
Type (Merger) 2 of 2
State (Texas) 2 of 3
Country (United States) 2 of 3
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Keane Group

Houston, Texas, United States

Keane Group, Inc. provides top hole drilling and hydraulic fracturing services to major operators in the Marcellus Shale basin and across the U.S. Keane Group was founded in 2011 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 NexTier Oilfield Solutions - Well Support Services

Texas, United States

NexTier Oilfield Solutions, Inc's Well Support Services is a provider of well support and production services based in Texas

Sell $94M