Flowco closes acquisition of Lifting Solutions for about US$113 million cash
Bitget2026/10/02 09:05- Flowco completed the acquisition of Lifting Solutions Energy Services, a manufacturer of artificial lift technologies with operations in Canada and international markets.
- Purchase price was about USD 113 million in cash, subject to post-closing adjustments, funded with borrowings under an ABL facility.
- Sellers can earn up to CAD 10 million tied to Lifting Solutions’ 2027 financial performance, payable in early 2028.
- The deal adds continuous rod and progressing cavity pump technology, broadening Flowco’s artificial lift offering for later-life well applications.
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