Red Dirt Rentals, Inc. has been acquired by Rix Energy, LLC
June 2016 — 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.
Our role in the transaction
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
Heen has received a valuation of the entire share capital of Holding Hezelaer.
Heen B.V., the 40% minority shareholder of Holding Hezelaer B.V., has received a fair market valuation of Holding Hezelaer’s entire share capital.
Learn moreENGIE Énergie Services has sold Majorelle to Isospace
Majorelle, a pioneer in space planning in France for 40 years, has been sold to Isospace by ENGIE Énergie Services. The transaction marks a new chapter in Majorelle’s growth, bringing together complementary expertise in workplace design, space planning and fit-out while preserving its brand, teams and market positioning. Together, Majorelle and Isospace generate more than US$45 million in revenue, primarily in the Île-de-France region. The companies operate in a commercial fit-out market undergoing significant transformation, driven by evolving workplace needs, real estate asset repositioning, regulatory requirements and environmental and socioeconomic challenges. Philippe Savajols, president of Isospace and Majorelle, aims to ensure continuity for Majorelle and its teams while developing complementary capabilities and synergies across the group, preserving both companies’ respective cultures, expertise and client relationships.
Learn moreITC has been acquired by Re-Pie Portfoy Yonetimi
ITC, Türkiye’s leading integrated waste management and waste-to-energy platform, has been acquired by Re-Pie Portföy Yönetimi AS, one of Türkiye’s leading alternative asset management firms. The transaction provides Re-Pie with a scaled platform at the intersection of waste management, renewable energy and environmental services, while supporting ITC in the next stage of its development and long-term growth.
Learn more