Flowco closes acquisition of Lifting Solutions for about US$113 million cash

Bitget2026/10/02 09:05

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flowco Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261001788763) on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Flowco closes acquisition of Lifting Solutions for about US$113 million cash

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