Edgewater Capital Partners acquires Well Master
The acquisition establishes a new platform for Edgewater Capital Partners in the plunger lift and production optimization market.
Takeaways
- Well Master is a provider of plunger lift systems, automation, and production optimization for oil and gas.
- Edgewater Capital Partners is acquiring Well Master.
- The target serves oil and gas industry across North America and international.
Edgewater Capital Partners has acquired Well Master, a Golden, Colorado-based provider of plunger lift systems, automation technologies, and production optimization solutions for the oil and gas industry.
Founded over 40 years ago, Well Master serves operators across North American and international markets, and its leadership team, including President and CEO Michael Marino, will remain in place.
“Today’s announcement represents an exciting new chapter for Well Master,” said Michael Marino, President and CEO of Well Master Corporation.
The transaction creates a new platform for Edgewater, a Cleveland-based private equity firm that targets middle-market performance materials and services businesses.
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