Surface Stac

WG_tombstone_SurfaceStac for websiteBusiness Description: Leading provider of surface well control rental equipment (frac stacks) used during oil and gas well stimulation and completion processes. Since its inception in 2006, Surface Stac rapidly expanded from its original operation in West Texas to the North Texas and South Texas markets.

Challenge: After significant growth, owners desired to sell the business; however, previously they had attempted to sell the business themselves, but were unsuccessful in achieving a desirable outcome.They elected to engage Wilcox Swartzwelder & Co. to manage a controlled auction sales process.

Solution: Wilcox Swartzwelder & Co. created the marketing materials, ran an aggressive sales process to identify interested strategic acquirers and negotiated favorable terms with Basic Energy Services.

Transaction Demonstrates: Ability for Wilcox Swartzwelder & Co. to successfully execute a sell-side transaction and is another example of its experience working with energy service companies.

Wilcox Swartzwelder & Co. provides energy investment banking in Midland / Odessa, Texas.

See press release.

 

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