Pro and Intervale were represented by a team from Kirkland & Ellis LLP, and Elite and Pelican were represented by a team from Locke Lord LLP. Ares Commercial Finance provided acquisition financing for the transactions.
Pro Oil & Gas Services, LLC has combined with Elite Production Services, LLC, a provider of flowback and well testing, torque and test and crane rental services in the Permian Basin, Eagle Ford and Haynesville. Concurrent with the closing of the Elite transaction, Pro acquired Whitetail Well Testing, LLC, a provider of flowback and well testing services in the Permian Basin.
Elite and Whitetail will provide additional scale and diversity to Pro’s completion services operations, specifically in the Permian Basin with their established customer relationships and service expertise. The combined company will consolidate under the Pro brand name and operate as a diversified, multi-basin provider of completion and drilling services with operations in the Permian Basin, Eagle Ford, Haynesville, Mid-Continent and Marcellus. Pro is backed by Intervale Capital and, prior to the combination, Elite was a portfolio company of Pelican Energy Partners.
Pro Oilfield Services, LLC offers wireline, wireline lubricators, surface drilling, solids control, mixing plants and chemicals, and torque and test services.
The Kirkland team was led by corporate partner Christian Atwood (Picture) and associates Aleksandra Harris and Matthew Fisher; debt finance partner Jason Serlenga and associates Jenelle DeVits and Michelle Vivian; tax partner Russell Light and associate Scott Fryman; and labor and employment partner Michael Schulman.
Involved fees earner: Christian Atwood – Kirkland & Ellis; Aleksandra Harris – Kirkland & Ellis; Matthew Fisher – Kirkland & Ellis; Jason Serlenga – Kirkland & Ellis; Jenelle DeVits – Kirkland & Ellis; Michelle Vivian – Kirkland & Ellis; Russell Light – Kirkland & Ellis; Scott Fryman – Kirkland & Ellis; Michael Schulman – Kirkland & Ellis;
Law Firms: Kirkland & Ellis;
Clients: Pro Oilfield Services, LLC;