
10/2/2026
Flowco Closes $113 Million Acquisition of Lifting Solutions, Expanding Into Canada and the Middle East
Flowco Holdings (NYSE: FLOC), a provider of production optimization and artificial lift solutions for the oil and natural gas industry, announced Thursday it has closed its acquisition of Lifting Solutions Energy Services, a vertically integrated manufacturer of artificial lift technology headquartered in Edmonton, Alberta. Flowco paid approximately $113 million in cash based on a CAD/USD exchange rate of 0.71, funded through borrowings under its asset-based lending facility. The deal was structured on a cash-free, debt-free basis, and sellers are eligible for up to C$10 million in additional contingent consideration tied to Lifting Solutions’ 2027 financial performance, payable in early 2028.
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