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Transactions / E•••••• C••••••••• L••

R•••• C•••••• G•••• Sells E•••••• C•••••••• to NOV

Exit to a strategic buyerclosedannounced Jan 30, 2024closed Jan 30, 2024Fact
What happened
Target
E•••••• C••••••••• L••
Platform
not an add-on on record
Control
unknown
Share acquired
unknown
Industry
unknown
Target location
unknown
Seller kind
Sponsor
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
6 named
Buy side
  • N••Strategic acquirerconfirmed
    “‍ ‍ Dallas, TX – January 30, 2024 – R•••• C•••••• G•••• (“R••••” or “RCG”) today announced it has sold E•••••• C••••••••• L•• (“E••••••” or the “Company”), a fully-integrated provider of artificial lift systems and related parts and services to North American energy producers, to NOV (NYSE: NOV), a ”
  • B••••• F•••••••Deal partnerconfirmed
    ““It was a pleasure to work once again with E•••••• CEO B••• G••••• and his outstanding team of operators to grow the Company into a market leader in the artificial lift category,” said B••••• F•••••••, Managing Partner at R••••.”
Sell side
  • R•••• C•••••• G••••• L••Sellerconfirmed
    “‍ ‍ Dallas, TX – January 30, 2024 – R•••• C•••••• G•••• (“R••••” or “RCG”) today announced it has sold E•••••• C••••••••• L•• (“E••••••” or the “Company”), a fully-integrated provider of artificial lift systems and related parts and services to North American energy producers, to NOV (NYSE: NOV), a ”
Side not stated
  • B••• G•••••Managementconfirmed
    ““We appreciate our strong partnership with the R•••• team, with whom we built our prior platform, Accelerated Production, which was purchased by Dover,” said B••• G•••••, Chairman and CEO of E••••••.”
  • M••• G•••••Managementconfirmed
    ““We are entering an exciting period for E••••••, as NOV is positioned to provide a platform for continued excellence in customer service,”said M••• G•••••, Senior Vice-President of E••••••, an NOV company.”
  • E•••••• C••••••••• L••Targetconfirmed
    “‍ ‍ Dallas, TX – January 30, 2024 – R•••• C•••••• G•••• (“R••••” or “RCG”) today announced it has sold E•••••• C••••••••• L•• (“E••••••” or the “Company”), a fully-integrated provider of artificial lift systems and related parts and services to North American energy producers, to NOV (NYSE: NOV), a ”
Evidence
“‍ ‍ Dallas, TX – January 30, 2024 – R•••• C•••••• G•••• (“R••••” or “RCG”) today announced it has sold E•••••• C••••••••• L•• (“E••••••” or the “Company”), a fully-integrated provider of artificial lift systems and related parts and services to North American energy producers, to NOV (NYSE: NOV), a provider of technology-driven solutions to empower the global energy industry.”
Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)confidence 80%recorded Sep 16, 2026
R•••• C•••••• G•••• Sells E•••••• C•••••••• to NOV | Private Equity Intelligence | DFX