Sole Source Capital’s acquisition of majority interest in Premier Flow Control


DLA Piper represented Sole Source Capital on the deal

Sole Source Capital LLC has acquired a majority interest in Premier Flow Control, LLC, a leading provider of flowback, nitrogen, and equipment rental services in the Permian Basin. Headquartered in Odessa, TX, Premier Flow is led by founders Michael Slate and Carrie Kindle, who have a combined 50 years of experience in the oil and gas industry. The company places an emphasis on efficient, safe, and cost-effective extraction of hydrocarbons through the use of high-quality equipment and the employment of high-caliber associates.

The financial terms for the deal were not disclosed.

Founded in 2016 by David Fredston, Sole Source Capital is an investment firm focused on lower middle market companies. SSC is an operationally intensive firm that acquires and operates companies in a broad range of industries, including manufacturing, distribution, environmental services, oilfield services, metals services, and other industries. The firm is headquartered in Santa Monica, CA and targets investments across North America.

Premier Flow Control is a leading oilfield service provider in the Permian Basin.

The DLA Piper team was led by partner Jason Whiteley (Picture) and associate Maureen Howard (Washington, DC), and included partners Richard Marks (Washington, DC), David Plewa, Nathaniel McKitterick (both Silicon Valley) and Cathryn Le Regulski (Northern Virginia) and associates Ian Hlatky (Los Angeles), André Thiollier, Anton Ziajka, Syeda Nazifa Nawroj (all Silicon Valley) and Eli Albrecht (Washington, DC).

Involved fees earner: Jason Whiteley – DLA Piper; Maureen Howard – DLA Piper; Richard Marks – DLA Piper; Ian Hlatky – DLA Piper; André Thiollier – DLA Piper; Anton Ziajka – DLA Piper; Eli Albrecht – DLA Piper; David Plewa – DLA Piper; Nathaniel McKitterick – DLA Piper; Cathryn Le Regulski – DLA Piper;

Law Firms: DLA Piper;

Clients: Sole Source Capital;

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Author: Ambrogio Visconti