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Key Energy Services completes acquisition of well servicing division assets of Endeavor Energy Resources, L.P.

May 19, 2024•over 1 year ago

Acquiring Company

Key Energy Services

Acquired Company

Endeavor Energy Resources L.P

HoustonTexasRenewable EnergyOil And GasEnergyOil And GasEnergy

Description

Key Energy Services, Inc. has announced the all-cash acquisition of substantially all the assets of the well servicing division of Endeavor Energy Resources, L.P. This strategic acquisition solidifies Key's commitment to supporting Endeavor's well servicing needs in the Permian Basin and enhances its position in the energy production sector.

Company Information

Company

Key Energy Services

Location

Houston, Texas, United States

About

Headquartered in Houston, Texas, Key Energy Services provides a wide array of leading edge energy production solutions and services. Through our highly trained and experienced crews, technical expertise, state-of-the-art data analytics, and fit for purpose equipment, we enable America’s E&P companies, from small independents to majors, get the most out of the life of their wells. Using standardized processes, our objectives is to deliver efficient, high quality results. All this with one goal in mind: our customers’ long-term success.

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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