Oilfield Services Provider Quintana Energy Services Files for a $100 Million IPO

Quintana Energy Services, which provides diversified well services to onshore oil and gas E&Ps, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. 

Quintana's primary services include directional drilling services (36% of 1Q17 sales), pressure pumping (31%), pressure control (22%) and wireline (11%).  

The Houston, TX-based company was founded in 2006 and booked $234 million in sales for the 12 months ended March 31, 2017. It plans to list on the NYSE under the symbol QES. Barclays, Citi, Simmons & Co., Stephens Inc., Tudor, Pickering, Holt & Co., BofA Merrill Lynch and Evercore ISI are the joint bookrunners on the deal. No pricing terms were disclosed.

Hilltop Private Capital Creates American Track Services through the Simultaneous Acquisitions of American Track Generations and C.J. Bridges Railroad Contractor

NEW YORK, November 19, 2016, PRWeb -- Hilltop Private Capital (“Hilltop”), a New York-based private equity firm investing in lower middle market companies, today announced the creation of American Track Services through its investments in American Track Generations (“ATG”) and C.J. Bridges Railroad Contractor (“CJB”) (together, the “Company” or "ATS"). The combination creates a leading provider of a range of rail inspection, maintenance, repair, and design and construction services, primarily to private installations including industrial, municipal, and logistics sites throughout the southern United States.

Quintana Energy Services LP and Archer’s North American Well Services Entities to Combine in Stock Transaction

HOUSTON, November 23, 2015, BusinessWire -- Quintana Energy Services LP (“QES”), a portfolio company of Quintana Energy Partners, L.P. (“Quintana”), and Archer Well Company Inc. (“AWC”), a subsidiary of Archer Limited (OSLO: ARCHER, “Archer”), today announced a definitive agreement under which AWC will contribute all outstanding shares of Archer Pressure Pumping LLC, Archer Directional Drilling Services LLC, Archer Wireline LLC and Great White Pressure Control LLC (collectively the “Archer Well Services Entities”) to QES in exchange for equity in QES