7/103 sources · 3 publishersUpdated Oct 8, 19:31 UTC
Flowco Holdings completes $113 million acquisition of Lifting Solutions
Flowco Holdings Inc. closed the purchase of Lifting Solutions Energy Services for approximately $113 million in cash. The sellers may receive up to C$10 million in contingent consideration tied to 2027 performance. The deal was funded through Flowco’s asset‑based lending facility and expands its artificial‑lift technology portfolio. Flowco announced a conference call to discuss the transaction.
Why it matters
The company says the acquisition should lift earnings and free‑cash‑flow per share, and the market reacted with a 2.35% rise in Flowco’s stock price.
Key facts
- 1Flowco completed the acquisition of Lifting Solutions Energy Services for about $113 million in cash. tradingview.com
- 2The purchase includes up to C$10 million of contingent consideration based on 2027 performance. tradingview.com
- 3The acquisition was funded through borrowings under Flowco’s asset‑based lending facility. tradingview.com
- 4The cash consideration was calculated using a Canadian‑dollar to U.S‑dollar exchange rate of 0.71. investing.com
- 5Contingent consideration, if earned, will be payable in early 2028. investing.com
- 6Flowco shares rose 2.35% to $18.71 on the NYSE after the announcement. rttnews.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.