The private shareholders of Panhandle Oilfield Service Companies, Inc. have sold 80% of the company to Akoya Capital Partners, LLC for US$24.3 million.
Panhandle Oilfield Service Companies, Inc. is active in oilfield equipment sales and service, especially pumping units, as well as oilfield construction services such as pumper service and roustabout work. Additional competencies are trucking and transportation, tubular sales and services, and safety related services.
Akoya Capital Partners, LLC is a private equity investor, primarily in North America.
Oaklins' team in Dallas advised Panhandle Oilfield Service Companies, Inc. on the sale of a majority stake in the company. Over sixty potential buyers signed confidentiality agreements and received briefings on the company.
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