Ranger Energy Services, Inc. acquired Perfx Wireline Services, LLC.
July 08, 2021
Share
Ranger Energy Services, Inc. (NYSE:RNGR) acquired Perfx Wireline Services, LLC on July 8, 2021. In a related transaction, Ranger Energy Services, Inc. completed the acquisition of Patriot Completion Services on May 14, 2021. On a combined basis, for both the Patriot and PerfX transactions, Ranger has issued 2.256 million shares of Class A Common Stock representing 12% of the pro-forma, post-transaction outstanding Class A and B Common Stock. Additionally, Ranger has assumed a total of $12 million of light duty vehicle leases and rolling-stock associated term debt.
Ranger Energy Services, Inc. (NYSE:RNGR) completed the acquisition of Perfx Wireline Services, LLC on July 8, 2021. Matt Stockstill, Andrew Betaque, Shane Blackstone, Suzanne Bloom, Jeff Cole, Christopher Douglass, Steve Flores, Eleni Kouimelis, Becky Troutman, Doug Yeager and Yang Wang of Winston & Strawn LLP acted as legal advisor to Ranger Energy Services, Inc. Houlihan Lokey, Inc. (NYSE:HLI) acted as financial advisor to Perfx Wireline Services in the transaction.
Ranger Energy Services, Inc. is a provider of onshore high specification well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. The Company operates in three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The High Specification Rigs provides high specification well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well. The Wireline Services. provides services necessary to bring and maintain a well on production and consists of its wireline completion, wireline production and pump down lines of business. The processing Solutions and Ancillary Services provides other services often utilized in conjunction with its High Specification Rigs and Wireline Services segments. These services include equipment rentals, plug and abandonment, logistics, snubbing and coil tubing, and processing solutions.
RANGER ENERGY SERVICES, INC. 
