Water Energy Services, LLC acquired Fluid Management Services Assets from Key Energy Services, Inc..
September 20, 2021
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Water Energy Services, LLC acquired Fluid Management Services Assets from Key Energy Services, Inc. (OTCPK:KEGX) on September 21, 2021. Gibson, Dunn & Crutcher LLP acted as legal advisor to Key Energy Services, Inc. Greg Pierce, Managing Director of Oak Hills Securities, Inc. acted as financial advisor and investment banker to WES, Maynards Capital provided the equipment financing for this transaction and Amerisource Business Capital financed the real estate and working capital portions of the transaction. WES was represented by Leib Orlanski of K&L Gates LLP.
Water Energy Services, LLC completed the acquisition of Fluid Management Services Assets from Key Energy Services, Inc. (OTCPK:KEGX) on September 21, 2021.
Key Energy Services, Inc. provides an array of energy production solutions and services. The Companyâs solutions include well servicing, fishing and rental services and cementing and abandonment. Its fleet of rigs includes a range of classes for production, including completion services. Each rig is available with ancillary equipment to help meet clients' needs. It offers a full line of services and rental equipment to enhance the value of its customers' oil and gas wells. Its rental equipment includes reverse units, drill pipe, tubulars, laydown machines, power swivels, foam air units, fishing and completion tools and others. Its P&A package provides all the equipment necessary to plug and abandon a well, all from a single service provider.