secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K
Filed at:   2026-08-31T10:31:57+00:00
Accession:  0001628280-26-059460
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ranger Energy to acquire STEP's U.S. coiled tubing assets for $27.5M
--------------------------------------------------------------------

- Deal: $27.5M total ($22.5M cash + $5M stock) for STEP's U.S. coiled tubing assets; close expected Sept 11, 2026.
- Adds 13 coiled tubing spreads, ~220 staff; makes Ranger #2 U.S. coiled tubing operator.
- Pro forma 2027 revenue $80-90M, EBITDA >$10M incl. $2.5M synergies; ~2.5x EBITDA multiple.
- Funded via revolver borrowings; post-close borrowings ~$30M; expected accretive in 2027.
- Includes COIL+ technology and five facilities across Bakken to South Texas.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000162828026059460/0001628280-26-059460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000162828026059460/rng-20260831.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-059460

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer