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Ranger Energy Services, Inc. Acquires Perfx Wireline Services

Jul 09, 2021•about 4 years ago

Acquiring Company

Ranger Energy Services, Inc.

Acquired Company

Ranger Energy Services, Inc.

HoustonHouston

Description

Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) continues the expansion of its wireline services business with the announcement of the acquisition of PerfX Wireline Services (“PerfX”).

Company Information

Company

Ranger Energy Services, Inc.

Location

10350 RICHMOND AVENUE

Houston, Texas, United States

About

Ranger is an independent provider of well service rigs, wireline and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger also provides services necessary to bring and maintain a well on production through its Processing Solutions segment which engages in the rental, installation, commissioning, start-up, operation and maintenance of MRUs, Natural Gas Liquid stabilizer and storage units and related equipment.

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

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