AccessESP Has Been Acquired by Baker Hughes
AccessESP LLC (“AccessESP”)
AccessESP is the leading provider of electrical submersible pump (“ESP”) deployment and retrieval technology (“GoRiglessTM ESP System”) to the global oil & gas industry. AccessESP’s GoRiglessTM ESP System enables ESP interventions to be performed with conventional, light duty equipment (i.e., wireline, coiled tubing or well tractor) without needing a rig or requiring production tubing to be pulled. This significantly reduces the cost of workovers used to replace ESPs, which is of increasing importance in offshore and remote areas. AccessESP is headquartered in Houston, Texas and has deployed its GoRiglessTM ESP System throughout the global marketplace.
Lime Rock Partners (“Lime Rock”)
Lime Rock is a creative investment partner in building differentiated oil & gas businesses, side by side, with entrepreneurs every day. The Lime Rock team brings together specialist finance and operating expertise, technology leadership, people-centered strategies and patient hard work with the goal of helping its investors and portfolio company partners profit from operational growth.
Baker Hughes Company (NASDAQ:BKR) (“Baker Hughes”)
Baker Hughes is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, Baker Hughes’ innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: