Sun Energy Services, LLC, d/b/a Deep Well Services, a portfolio company of 3 Rivers Capital, has completed a recapitalization with White Deer Energy. The transaction closed on April 16, 2018.
Duff &Phelps served as exclusive financial advisor to Deep Well Services and provided M&A advisory services in connection with its recapitalization.
About Deep Well Services
Deep Well Services is a Zelienople, PA-based oilfield services company specializing in completion and workover services, primarily operating in the Marcellus and Utica shale formations. The Company, which maintains state-of-the-art hydraulic completion units and boasts one of the newest and most technologically advanced fleets in the industry, has built a reputation as one of the leading oilfield services companies in the Appalachian basin.
About White Deer Energy
White Deer Energy is a private equity firm that targets investments in oil and gas exploration and production, oilfield service and equipment manufacturing and the midstream sectors of the energy business.