M&A Deal Summary |
|
|---|---|
| Date | 2019-07-02 |
| Target | ProPetro Holding - Midland Community |
| Sector | Energy Services and Equipment |
| Buyer(s) | Target Hospitality |
| Sellers(s) | ProPetro |
| Deal Type | Divestiture |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1978 |
| Sector | Business Services |
| Employees | 770 |
| Revenue | 386M USD (2024) |
Target Hospitality is the largest provider of vertically integrated specialty rental accommodations and value-added hospitality services in the United States. Target Hospitality builds, owns and operates customized housing communities for a range of end users, and offers a full suite of cost-effective hospitality solutions including culinary, catering, concierge, laundry and security services as well as recreational facilities. Target Hospitality primarily serves the energy and government sectors and its growing network of communities is designed to maximize workforce productivity and satisfaction. Target Hospitality was founded in 1978 and is based in The Woodlands, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Energy Services and Equipment M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 4 of 4 |
| State: Texas M&A | 3 of 3 |
| Country: United States M&A | 3 of 3 |
| Year: 2019 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-19 |
Superior Lodging - Three Communities
Calgary, Alberta, Canada Superior Lodging Corp. - Three Communities are located in the Delaware Basin – a high-growth area within the Permian Basin. Two of the three communities are located in Orla, Texas and add 395 rooms to the Company’s Permian Basin lodging network. Target Hospitality has managed these communities since mid-2018, providing it with an intimate understanding of each property’s operations. The third community has 180 rooms and is located in Kermit, Texas. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2007 |
| Sector | Energy Services and Equipment |
| Employees | 1,900 |
| Revenue | 1.4B USD (2024) |
ProPetro is an oilfield services company that provides hydraulic fracturing and other complementary services to upstream oil and gas companies engaged in the exploration and production, or E&P, of North American unconventional oil and natural gas resources. The Company's operations are primarily focused in the Permian Basin, where ProPetro has cultivated longstanding customer relationships with some of the region's most active and well-capitalized E&P companies, including Callon Petroleum, Diamondback Energy, Parsley Energy, Pioneer Natural Resources, Surge Energy and XTO Energy. ProPetro was founded in 2007 and is based in Midland, Texas.
| 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: 2019 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-13 |
Pioneer Natural Resources Co. - Pumping Services Assets
Texas, United States Pioneer Natural Resources Co. - Pumping Services Assets is a provider of pressure pumping services in the Permian Basin. |
Buy | $440M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-01 |
Silvertip Completion Services
Midland, Texas, United States Silvertip Completion Services is an oilfield services company that owns and operates 23 wireline units and a best-in-class pump-down fleet. Silvertip has deep data collection capabilities, a culture of data-driven decision-making, and an established track record of safety, providing operators with efficient wireline and pump-down services including logging, perforating, and pressure control. Silvertip Completion Services was founded in 2017 and is based in Midland, Texas. |
Buy | $150M |
