FBR Capital Markets & Co. Acts as Sell-Side Advisor to RockPile Energy Services, LLC in its Acquisition by Keane Group, Inc.
July 13 2017 - 4:30PM
FBR Capital Markets & Co. (“FBR”), a leading investment bank
and wholly owned subsidiary of B. Riley Financial, Inc.
(NASDAQ:RILY), served as a sell-side advisor to RockPile Energy
Services, LLC (the “Company”), an oil services company, in its
acquisition by Keane Group, Inc., a provider of integrated well
completion services, for $276 million.
The Company, along with its financial sponsor White Deer Energy,
engaged FBR to pursue a 144A equity offering in the first quarter
of 2017. The Company, FBR and White Deer established a dual track
for the potential offering with a targeted sale process and
executed a closed sale within four months of the signed engagement.
The acquisition closed on July 3, 2017.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About RockPile Energy Services, LLC RockPile
Energy Services, LLC is a growth oriented oil services company
providing engineered completions solutions to oil and gas
exploration and production companies primarily in the Williston and
Permian Basins. RockPile's unique suite of capabilities and
technologies deliver improved well economics to clients operating
in the most challenging basins in North America. The
Company's service offerings include hydraulic fracturing, cased
hoble wireline, ancillary pump services, advanced completions
logistics solutions, and workover rig services.
About Keane Group, Inc. Headquartered
in Houston, Texas, Keane is one of the largest pure-play
providers of integrated well completion services in the U.S.,
with a focus on complex, technically demanding completion
solutions. Keane's primary service offerings include horizontal and
vertical fracturing, wireline perforation and logging, engineered
solutions, and cementing, as well as other value-added service
offerings. Keane owns approximately 1.2 million hydraulic
fracturing horsepower and 31 wireline trucks and provides
engineered solutions. Keane’s broad geographic footprint spans the
most prolific U.S. shale basins including the Permian,
Bakken, Marcellus/Utica, and SCOOP/STACK. Keane prides itself on
its outstanding employee culture, its efficiency and its ability to
meet and exceed the expectations of its customers and communities
in which it operates. About FBR Capital Markets &
Co. FBR provides investment banking, M&A advisory,
institutional brokerage, and research services with focused capital
and financial expertise in consumer; energy & natural
resources; financial institutions; healthcare; insurance;
industrials; real estate; and technology, media & telecom
industries.
B. Riley Financial, Inc. is a publicly traded, diversified
financial services company which takes a collaborative approach to
the capital raising and financial advisory needs of public and
private companies and high net worth individuals. The Company
operates through several wholly-owned subsidiaries,
including B. Riley & Co.,
LLC (www.brileyco.com), FBR Capital Markets & Co.
(www.fbr.com), Wunderlich Securities
(www.wunderlichonline.com), Great American Group,
LLC (www.greatamerican.com), and B. Riley Capital
Management, LLC (which includes B. Riley Asset Management
(www.brileyam.com), B. Riley Wealth Management
(www.brileywealth.com), and Great American Capital Partners, LLC
(www.gacapitalpartners.com). The Company also makes
proprietary investments in other businesses, such as the
acquisition of United Online, Inc. (www.untd.com)
in July 2016, where B. Riley Financial, Inc. is
uniquely positioned to leverage its expertise and assets in order
to maximize value.
Media Contact:
mediacontact@brileyco.com
B Riley Financial (NASDAQ:RILY)
Historical Stock Chart
From Mar 2024 to Apr 2024
B Riley Financial (NASDAQ:RILY)
Historical Stock Chart
From Apr 2023 to Apr 2024