Flowco Acquires Lifting Solutions for $113M to Expand Artificial Lift Reach

Flowco Holdings Inc. (FLOC) completed its acquisition of Lifting Solutions Energy Services for $113 million in cash. The deal expands FLOC's artificial lift portfolio and is expected to boost earnings and free cash flow per share. FLOC shares rose 2.35% to $18.71 on the NYSE.

Flowco acquired Lifting Solutions Energy Services for C$159 million, with a potential C$10 million earnout. The deal, closed on Oct 2, 2026, was funded via Flowco's revolver and adds artificial lift manufacturing capabilities. The acquisition aims to expand Flowco's technologies and Canadian manufacturing footprint, according to the company.

Flowco Holdings Inc. (FLOC) completed its acquisition of Lifting Solutions Energy Services Inc. for $113 million in cash, with potential additional payments of up to C$10 million based on future performance. The deal expands Flowco's artificial lift technology portfolio. Flowco funded the acquisition through its asset-based lending facility.

Flowco Holdings (FLOC) completed the acquisition of Lifting Solutions for about $113M in cash, with up to C$10M more contingent on 2027 performance. The deal was funded through its ABL facility and aims to enhance its artificial lift capabilities and international presence.

Flowco Holdings (FLOC) reported Q2 revenue of $236M, up 13% from Q1, with adjusted EBITDA of $93.9M. Growth was driven by the Valiant acquisition, but rising costs cut margins. The company declared a special dividend and maintained guidance, expecting continued cost pressures. Short interest is 9.2% of float, and hedge fund ownership increased.

Flowco Holdings reported Q2 2026 results driven by integrating Valiant, expanding its artificial lift portfolio into ESPs. Revenue rose 13%, with Production Solutions contributing via Downhole Components and Valiant. Management cited 40% adjusted EBITDA margins and guided Q3 adjusted EBITDA of $92 million to $98 million amid fuel and lubricant cost pressure.