Flowco Holdings completed its acquisition of Valiant Artificial Lift Solutions on Tuesday, a $200 million move that significantly broadens its technology portfolio in the high-stakes Permian Basin.
The transaction, first announced in early February, was settled for a total consideration of approximately $200 million, net of cash on hand.
Flowco (NYSE:FLOC) utilized $170 million in cash—funded through its existing asset-based lending (ABL) facility—with the remaining balance comprised of approximately 1.5 million shares of Flowco Class A common stock.
The share count was determined based on the 10-day volume-weighted average price as of January 30, 2026.
The acquisition of Oklahoma City-based Valiant marks a major pivot into the Electric Submersible Pump (ESP) market for Flowco.
While Flowco has traditionally been a leader in high-pressure gas lift and methane abatement, the addition of Valiant’s ESP technology allows the firm to service oil and gas wells much earlier in their production life cycle.