Red Dirt Rentals, Inc. has been acquired by Rix Energy, LLC
The private shareholders of Red Dirt Rentals, Inc. have sold the company to Rix Energy, LLC. Financial details have not been disclosed.
Red Dirt Rentals, Inc. originally began as an equipment rental company to exploration and production (E&P) firms in Texas and Pennsylvania. The company evolved into torque and testing, as well as isolation tool rental and services.
Rix Energy, LLC was founded in 2009 by Kim Snell and Ricky Escobedo. Born out of the desire to build a great company from the ground up after having worked together for many years, the partners assembled a group of trusted crews and team members to deliver workover services in Kansas and Oklahoma. Starting with only two rigs, the company quickly grew, expanding the operation to west and south Texas.
Oaklins' team in Dallas advised the seller in this transaction, introducing over 25 potential buyers to the company principals and assisting in price negotiations, due diligence and closing documents.
Talk to the deal team
Bryan Livingston
Oaklins Capital Alliance
Related deals
WATT Infra has been acquired by OxGreenfield
WATT Infra, an independent connection provider headquartered in the Netherlands, has been acquired by OxGreenfield, a Netherlands-based private equity firm. By joining forces, WATT Infra will accelerate its growth in the energy transition market.
Learn moreVamat has been acquired by Esprinet Group
Vamat, a Netherlands-based company specializing in smart and renewable energy solutions, has been acquired by Esprinet Group. The acquisition marks a strategic expansion for Esprinet into the Benelux and Irish markets, further reinforcing its position in the renewable energy sector and supporting its broader commitment to digital transformation and the green transition.
Learn moreHuman design Group has completed a secondary LBO alongside Ciclad and Grand Sud-Ouest Capital
Human design Group has successfully finalized a secondary leveraged buy-out (LBO) alongside its majority shareholder Ciclad and new minority investor Grand Sud-Ouest Capital (GSO Capital). The transaction strengthens the company’s management shareholding, welcomes a new regional private equity partner and enables Ciclad to realize partial liquidity while retaining a majority stake.
Learn more