M&A Deal Summary

Propell Acquires Total Equipment And Service

On March 1, 2017, Propell acquired energy services and equipment company Total Equipment And Service from C&J Energy Services

Acquisition Highlights
  • This is Propell’s 1st transaction in the Energy Services and Equipment sector.
  • This is Propell’s 1st transaction in the United States.
  • This is Propell’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-03-01
Target Total Equipment And Service
Sector Energy Services and Equipment
Buyer(s) Propell
Sellers(s) C&J Energy Services
Deal Type Divestiture

Target

Total Equipment And Service

Granbury, Texas, United States
Total E&S, Inc. (dba Total Equipment And Service) is a manufacturer and designer of proprietary equipment used by oil and national gas well servicing companies, including coiled tubing and pressure pumping trucks.

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Buyer(S) 1

Buyer

Propell

Granbury, Texas, United States

Category Company
Founded 2008
Sector Energy Services and Equipment
DESCRIPTION

Propell is a manufacturer and renewed equipment for major well service companies in the U.S. and Canada.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

C&J Energy Services

Houston, Texas, United States

Category Company
Founded 1997
Sector Energy Services and Equipment
Employees6,339
Revenue 2.2B USD (2018)
DESCRIPTION
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.


DEAL STATS #
Overall 1 of 2
Sector: Energy Services and Equipment M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-25 Nabors - Hydraulic Fracturing Business

United States

Nabors - Hydraulic Fracturing Business a diversified completion and production services provider.

Buy $2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-25 O-Tex Pumping

Midland, Texas, United States

O-Tex Pumping LLC is a provider of unrivaled primary and secondary cementing and specialty pumping services throughout most major shales. O-Tex Pumping LLC was established in 2008 and is based in Midland, Texas.

Buy $133M