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PakEnergy completes acquisition of Plow Technologies, expanding suite of optimization solutions for the Oil & Gas and Renewable Energy Industries

Aug 20, 2024•over 1 year ago

Acquiring Company

PakEnergy

Acquired Company

Plow Technologies

AbileneOklahoma CityEnergySoftwareOil And GasInformation TechnologySoftware

Description

PakEnergy LLC has acquired Plow Technologies, a leading provider of digital automation and cloud/SCADA software. This acquisition enhances PakEnergy's comprehensive software suite and end-to-end systems, creating immediate added value and new possibilities for energy customers.

Company Information

Company

PakEnergy

Location

Abilene, Texas, United States

About

PakEnergy LLC (A Delaware LLC) transforms how energy companies operate, offering a complete portfolio of smart, easy-to-use software solutions that optimize performance from the oil field to the C-Suite. Founded as WolfePak in 1986, PakEnergy helps energy professionals save time, cut costs, and maximize profitability with powerful tools for land management, wellsite operations, production, transportation, accounting, and renewable energy. Built by industry experts, our end-to-end business automation and performance optimization systems deliver real-time insights, advanced analytics, and total asset control to drive smarter decisions and better results. Based in Texas, PakEnergy supports over 2,350 customers with a dedicated team of seasoned oil and gas and technology experts.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed