Acquiring Company
Ranger Energy Services
Acquired Company
STEP Energy Services
Houston
CalgaryEnergyOil And GasManufacturingEnergyOil And GasRenewable EnergyDescription
Ranger Energy Services has announced an agreement to acquire the U.S. coiled tubing assets of STEP Energy Services. This acquisition positions Ranger as the second-largest operator in the U.S. coiled tubing market. The transaction is valued at approximately $27.5 million, enhancing Ranger's scale and presence in key U.S. markets.
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M&A Insights
Based on deal dataFrequently asked
Who acquired STEP Energy Services?
STEP Energy Services was acquired by Ranger Energy Services, based in Houston. The deal was reported on August 31, 2026. Ranger is an independent provider of well service rigs, wireline and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger Energy Services is publicly traded (RNGR) and operates in Energy.
When did Ranger Energy Services acquire STEP Energy Services?
Ranger Energy Services's acquisition of STEP Energy Services was reported on August 31, 2026. Ranger Energy Services has announced an agreement to acquire the U.S. coiled tubing assets of STEP Energy Services. This acquisition positions Ranger as the second-largest operator in the U.S. coiled tubing market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does STEP Energy Services do?
STEP Energy Services is a leading provider of coiled tubing, fluid and nitrogen pumping services in the North American market. The company is known for its commitment to safety and operational excellence. It is privately held, operating in Manufacturing, and is based in Calgary.
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