M&A Deal Summary

Vivakor Acquires Equipment Transport

On September 24, 2024, Vivakor acquired energy services and equipment company Equipment Transport from Pilot Flying J

Acquisition Highlights
  • This is Vivakor’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Vivakor’s 3rd transaction in the United States.
  • This is Vivakor’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2024-09-24
Target Equipment Transport
Sector Energy Services and Equipment
Buyer(s) Vivakor
Sellers(s) Pilot Flying J
Deal Type Divestiture

Target

Equipment Transport

Carlisle, Pennsylvania, United States
Equipment Transport is a diversified ancillary well site services company. The company provides critical services supporting the Marcellus and Utica Shale drilling and hydraulic fracturing programs of major exploration and production ("E&P") companies. Equipment Transport brings significant value to its E&P customers through a broad service offering that includes fluid transportation, waste management, heavy equipment hauling, and ancillary pad support services. Equipment Transport was founded in 2007 and is based in Carlisle, Pennsylvania.

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Buyer(S) 1

Buyer

Vivakor

Dallas, Texas, United States

Category Company
Founded 2006
Sector Oil/Gas Exploration
Employees150
Revenue 90M USD (2024)
DESCRIPTION

Vivakor is an integrated provider of energy transportation, storage, reuse, and remediation services. Vivakor operates, acquires, and develops technologies and assets in the oil and gas industry. Vivakor was founded in 2006 and is based in Dallas, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Energy Services and Equipment M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Meridian Equipment Leasing

Dallas, Texas, United States

Meridian Equipment Leasing specializes in leasing oilfield and industrial equipment. Meridian Equipment Leasing is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Pilot Flying J

Knoxville, Tennessee, United States

Category Company
Founded 1958
Sector Retail
Employees20,000
DESCRIPTION
Entrance to Pilot Flying J's corporate headquarters in Knoxville, Tennessee.
Entrance to Pilot Flying J's corporate headquarters in Knoxville, Tennessee.

Pilot Flying J owns and operates travel centers near interstate highways across the US. The large majority of the Company's locations are concentrated in the Midwest and Southeast of the US. Pilot Flying J was originally established in 1958 and is based in Knoxville, Tennessee.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-28 Equipment Transport

Carlisle, Pennsylvania, United States

Equipment Transport is a diversified ancillary well site services company. The company provides critical services supporting the Marcellus and Utica Shale drilling and hydraulic fracturing programs of major exploration and production ("E&P") companies. Equipment Transport brings significant value to its E&P customers through a broad service offering that includes fluid transportation, waste management, heavy equipment hauling, and ancillary pad support services. Equipment Transport was founded in 2007 and is based in Carlisle, Pennsylvania.

Buy -