M&A Deal Summary

Ranger Energy Services Acquires Magna Energy Services

On June 1, 2016, Ranger Energy Services acquired energy services and equipment company Magna Energy Services

Acquisition Highlights
  • This is Ranger Energy Services’ 1st transaction in the Energy Services and Equipment sector.
  • This is Ranger Energy Services’ 1st transaction in the United States.
  • This is Ranger Energy Services’ 1st transaction in Wyoming.

M&A Deal Summary
Date 2016-06-01
Target Magna Energy Services
Sector Energy Services and Equipment
Buyer(s) Ranger Energy Services
Deal Type Add-on Acquisition

Target

Magna Energy Services

Gillette, Wyoming, United States
Magna Energy Services is a provider of integrated oil and gas services in the Rocky Mountain region. Magna offers workover, fluids management, equipment rental, plug and abandonment, coal bed methane, and oil field construction services with operations bases in Wyoming, Colorado, North Dakota, and Utah. Magna Energy Services was founded in 2007 and is based in Gillette, Wyoming.

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Buyer(S) 1

Buyer

Ranger Energy Services

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

Ranger Energy Services is an provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger Energy Services is based in Houston, Texas.

DEAL STATS #
Overall 1 of 5
Sector (Energy Services and Equipment) 1 of 5
Type (Add-on Acquisition) 1 of 4
State (Wyoming) 1 of 1
Country (United States) 1 of 5
Year (2016) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 Bayou

Houston, Texas, United States

Bayou is an oilfield services company providing workover, plug and abandonment, and fluid management services in the Rockies and Williston basin. Bayou was founded in 2009 and grew to become a leading independent oilfield services company.

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