RPC INC (RES): M&A transaction — RPC acquires Pintail Completions for $245M; expands Permian wireline services

RPC INC

Purchase price $245M: ~$170M cash, $25M restricted stock (4.5M shares), $50M seller note.
Pintail's 2024 revenue ~$409M; operates 30+ wireline fleets in Permian Basin.
Acquisition expected to be accretive to RPC's 2025 EPS and operating/free cash flow.
Pintail will operate independently; founders sign employment and noncompete agreements.
Transaction funded from cash on hand; post-closing working capital adjustment included.

item 1.01 item 2.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

RPC INC completed an acquisition involving Pintail Alternative Energy, L.L.C. for $245 million (closed 2025-04-01).

Action: acquisition
Counterparty: Pintail Alternative Energy, L.L.C.
Consideration: $245 million
Closing: 2025-04-01

Exact text from the filing

is a leading provider of wireline services in support of pump-down perforation operations in the greater Permian Basin. Transaction Consideration The purchase price was $245 million for 100% of Pintail’s equity. The Transaction consideration consisted of approximately $170 million of cash, to be adjusted as noted below, $25 million of RPC common stock

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Source: SEC EDGAR

accession 0001558370-25-004495

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