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Park Energy Services Announces Its Acquisition Of Great Texas Compression

May 20, 2022•over 3 years ago

Acquiring Company

Park Energy Services

Acquired Company

Compression

Description

Rock Hill Capital (“Rock Hill”) is pleased to announce that its portfolio company, Park Energy Services, LLC (“Park”), led by President and CEO, Tim Knox, has completed its second acquisition in less than a year with the purchase of substantially all the assets of San Antonio, TX, based Great Texas Compression, LLC (“Great Texas”).

Company Information

Company

Park Energy Services

About

Park Energy Services (www.parkenergyservices.com), headquartered in Oklahoma City, Oklahoma, operates a fleet of over 1700 compressor units in major producing basins of Texas, Oklahoma, Pennsylvania, Ohio, New Mexico and Colorado.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed