---
schema_version: "secwatch.filing_event.v1"
accession: "0001699039-25-000099"
form_type: "8-K"
ticker: "RNGR"
cik: "0001699039"
company_name: "Ranger Energy Services, Inc."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:28:09.812947+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ranger Energy acquires American Well Services for ~$90.5M to become largest U.S. well-servicer

## Summary
- Total consideration: $60M cash, 2M shares (~$12.51/share), plus $5M earnout contingent on $36M EBITDA in 12 months.
- Acquisition adds ~25% to rig count; pro forma EBITDA expected >$100M with $4M annual synergies by end of 2026.
- Funded via cash on hand and revolver; post-close leverage ~$50M (0.4x), expected to repay borrowings within one year.
- Deal immediately accretive to earnings, EPS, and free cash flow, reinforcing capital return program.
- Ranger becomes largest Lower 48 well-servicing provider, expanding Permian Basin scale and adding complementary service lines.

## SEC filing metadata
- accession: 0001699039-25-000099
- form_type: 8-K
- ticker: RNGR
- cik: 0001699039
- company_name: Ranger Energy Services, Inc.
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699039/000169903925000099/0001699039-25-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699039/000169903925000099/rng-20251107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001699039-25-000099
- JSON: https://secwatch.observer/filing/0001699039-25-000099.json
- Plain text: https://secwatch.observer/filing/0001699039-25-000099.txt

## Source-grounded claims
- claim_id: 545740eaa8a7e18414dfd6afaa9f17316557a1f8
  claim: Ranger Energy Services, Inc. completed an acquisition involving American Well Holdings, LLC for approximately $90.5 million (closed 2025-11-07).
  evidence_excerpt: supporting equipment primarily within the Permian Basin. Also on November 7, 2025, the Company completed the AWS Acquisition. The estimated purchase price was approximately $90.5 million, subject to certain adjustments set forth in the Purchase Agreement, and includes $60.5 million in cash and 1,998,401 shares of Class A Common Stock. Pursuant to the Purchase
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903925000099/0001699039-25-000099-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.