ProChem Energy Services has merged with Creedence, a portfolio company of Tower Arch
ProChem Energy Services, Inc. (“ProChem”)
Founded in 2014, ProChem is a leading provider of oilfield production chemicals, midstream chemicals, and other oilfield services in the Permian, Eagle Ford, and SCOOP/STACK basins. The company utilizes its in-house blending capabilities to service oil and gas wells throughout their lifecycle, providing a comprehensive chemical solution.
Creedence Energy Services (“Creedence”)
Founded in 2014, Creedence is a leading provider of oilfield production chemicals, acidizing, and other oilfield services in the Bakken and Permian basins. The company services oil wells, and saltwater disposal wells, throughout their lifecycle, providing a comprehensive chemical solution.
Tower Arch Capital (“Tower Arch”)
Headquartered in Salt Lake City, Utah, Tower Arch Capital is a lower-middle market private equity firm. Tower Arch seeks to partner with and grow high-quality family and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to small companies to help them improve their operations, scale, and grow. Target investments include control positions in entrepreneur and family-owned businesses with revenue between $20 million and $150 million or EBITDA between $5 million and $25 million.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services to clients in the energy equipment, service and related industries: