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.
James Rebello
Senior Advisor
Energy Investment Banking
Houston
