Kirkland & Ellis LLP advised Pro Oil & Gas Services, LLC (“Pro”), a multi-service line, multi-basin provider of completion and drilling services, and Intervale Capital, a specialized energy-focused investment firm, on the combination of Pro with Elite Production Services (“Elite”) and concurrent acquisition of Whitetail Well Testing (“Whitetail”). Elite is a provider of flowback and well testing, torque and test and crane rental services in the Permian Basin, Eagle Ford and Haynesville, and Whitetail is a provider of flowback and well testing services in the Permian Basin. Pro is backed by Intervale Capital and, prior to the combination, Elite was a portfolio company of Pelican Energy Partners. The terms of the transaction were not disclosed. The full release is available here.
The Kirkland team was led by corporate partner Christian Atwood and associates Aleksandra Harris and Matthew Fisher; debt finance partner Jason Serlenga and associates Jenelle DeVits and Michelle Vivian; tax partner Russell Light and associate Scott Fryman; and labor and employment partner Michael Schulman.