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. is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies and independent oil and natural gas production companies. The Company's segments include Rig Services, Fishing and Rental Services, and Coiled Tubing Services. The Rig Services segment includes the completion of newly drilled wells, workover and recompletion of existing oil and natural gas wells, well maintenance, and the plugging and abandonment of wells. The Fishing and Rental Services segment offers a line of fishing services and rental equipment designed for use in providing both onshore drilling and workover services. The Coiled Tubing Services segment involves the use of metal pipe spooled onto a large reel which is then deployed into oil and natural gas wells to perform various applications.
KEY ENERGY SERVICES, INC. 
