Black Gold: Cactus Acquires FlexSteel as U.S. Oil Production Booms
Written by Black Hot Fire Network on January 19, 2023
2023 has kicked off with a flurry of M&A activity, including Cactus, Inc.’s $621 million acquisition of FlexSteel Technologies Holdings, Inc. The all-cash deal “[e]nhances Cactus position as premier provider of highly engineered equipment to the exploration & production (E&P) industry,” according to the companies’ joint press release, by acquiring “a leading manufacturer and provider of . . .
