Flowco closes C$159M cash acquisition of Lifting Solutions, expects deal accretive

Flowco Holdings Inc.

Flowco paid C$159.0M cash (about US$113M at CAD/USD 0.71) for Lifting Solutions Energy Services Inc., an Edmonton-based maker of continuous rod and progressing cavity pumps.
Signing and closing occurred simultaneously on October 2, 2026; consideration funded with borrowings under Flowco's five-year senior secured revolving credit facility.
Sellers can earn up to C$10.0M more if 2027 EBITDA exceeds C$32.0M, maxing out at C$36.8M; any earnout is payable no later than March 31, 2028.
Deal adds scaled Canadian operations and international reach (US, Middle East); Flowco expects it to be accretive to earnings and free cash flow per share.
Structured cash-free, debt-free with a representations and warranties insurance policy; C$0.4M deductible. TPH&Co advised Lifting Solutions; Dentons Canada LLP was its legal counsel.

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