Flowco, a provider of production optimisation, artificial lift, and methane abatement solutions for the oil and gas industry, has signed a definitive agreement to acquire the parent company of Valiant Artificial Lift Solutions (Valiant) for approximately $200 million, subject to customary adjustments.
Valiant, founded in
2016, is one of the largest private US providers of electric submersible pump
(ESP) systems, offering ESP and linear ESP systems, surface fluid transfer
solutions, and well surveillance services, primarily in the Permian Basin.
The acquisition is
valued at an estimated 3.9x Valiant’s 2026E Adjusted EBITDA, excluding
potential synergies, and is expected to be accretive to Flowco’s earnings and
free cash flow per share.
Strategically, the
deal expands Flowco’s artificial lift portfolio by combining ESP, HPGL, and
other lift technologies, enabling tailored solutions throughout a well’s
lifecycle.
It also provides
access to Valiant’s established market presence and positions Flowco for
accelerated growth.
Joe Bob Edwards,
President and Chief Executive Officer of Flowco, commented, “We are pleased to
add Valiant’s strong team and complementary ESP offering to Flowco’s portfolio.
Valiant has established itself as a leading independent ESP provider in the Permian
through a service-oriented culture that aligns well with our own, supported by
proven technology and deep relationships with high-quality operators. By
combining Valiant’s ESP capabilities with our existing artificial lift
portfolio, we expand our ability to support customers earlier in the well’s
producing life and maintain ongoing involvement as operating conditions evolve,
creating additional touchpoints over the life of the well. We see meaningful
opportunities to leverage our combined footprint and customer relationships to
cross-sell these complementary technologies across both customer
bases—supporting continued growth in the Permian, other U.S. basins, and select
international markets. This transaction represents another step forward in our
strategy to deliver the right solution in each well, every time.”
Gareth Ford, CEO of Valiant, stated, “We look forward
to joining Flowco’s leading production optimisation platform. As part of
Flowco, we see tangible opportunities to expand our position in the ESP market.
I look forward to this next phase of the company’s growth as we leverage our
combined platforms to support continued growth in the Permian and other key
basins.” -TradeArabia News Service
