Borco U.S.A. Acquires Permian-based Well Service Company

The Borgman Company Acquires West Texas Oil Assets for $31.1 Million

July 15, 2025

Oil & Gas

The Borgman Company (TBC) has agreed to acquire an undisclosed oil company’s producing assets and related service infrastructure in West Texas for $31.1 million. The deal is intended to materially expand TBC’s footprint and resource base in the Permian Basin and support continued growth in the region.

Cooper Machinery Services Acquires Terrecorp, LLC

November 28, 2023

Manufacturing

Cooper Machinery Services, a portfolio company of Arcline Investment Management, has acquired Terrecorp, LLC, a manufacturer of aluminum, bronze and steel-backed bearing shells and bushings based in Indianapolis, Indiana. The acquisition expands Cooper's product offering and manufacturing capabilities for reciprocating engines and compression systems, strengthening its position in the mission-critical compression and engine systems market.

Superior Energy Services Acquires Abaco Energy Technologies

January 30, 2026

Oil & Gas

Superior Energy Services has announced the successful closing of its previously announced acquisition of Abaco Energy Technologies. The deal expands Superior’s Wellbore Technologies segment by adding Abaco’s bottom-hole assembly capabilities and elastomer technologies for downhole drilling, completion, and remediation.

Argonaut Private Equity Acquires Pioneer Well Services Assets (American Well Services)

March 22, 2021

Energy

Argonaut Private Equity acquired the assets of Pioneer Well Services, a subsidiary of Pioneer Natural Resources, and the operations will do business as American Well Services. The transaction retains substantially all operations employees and assets (rigs, water hauling trucks, frac tanks, hot oil units and heavy construction equipment) and positions the business to partner with Argonaut portfolio company Nichols Oil Tools to offer bundled completions and workover solutions in the Permian Basin.

ProFrac Holding Corp. Acquires U.S. Well Services, Inc.

November 1, 2022

Energy

ProFrac Holding Corp. (NASDAQ: PFHC) closed its stock-for-stock merger to acquire U.S. Well Services, Inc. (NASDAQ: USWS). The deal issued approximately 12.9 million ProFrac shares and included using cash to retire about $170 million of USWS debt, leaving about $35 million of certain equipment financing outstanding.

Nabors Industries to Acquire Parker Wellbore

October 15, 2024

Industrial Services

Nabors Industries has entered into a definitive agreement to acquire Parker Wellbore, acquiring all outstanding common shares in exchange for Nabors common stock. The transaction is expected to close in early 2025, subject to customary approvals and conditions.