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ProChem Energy Services, Inc.

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Year established

2014

Location

Healdton OK US

Primary Industry

Chemicals

About

Based in Oklahoma, US, and founded in 2014, ProChem Energy Services, Inc. is a specialty chemicals company that provides oilfield chemicals for energy companies. In November 2018, the company acquired Greenwell Energy Solutions’ specialty production chemical division Bruce Babb Chemicals which enabled ProChem to operate multiple facilities across Oklahoma, Texas, New Mexico, and Louisiana, US. In March 2021, ProChem Energy Services, Inc. was recapitalized by Tower Arch Capital-backed Creedence Energy Services, LLC, with John Turner as the CEO of ProChem Energy Services. The company designs chemical programs to assist operation processes. Its products and services include consulting services, production chemicals, pipeline integrity management, completions optimization program, and laboratory services. Following the recapitalization of the company by Creedence Energy Services, LLC in March 2021, both companies plan to expand geographically, investing across the top US basins.
Current Investors
Creedence Energy Services, LLC

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Primary Industry
Chemicals
Sub Industries
Consulting Services, Oil & Gas Equipment and Services, Petrochemicals
Website
www.prochemes.com
Company Stage
Add-on
Total Amount Raised
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Deals

Deals Type
Add-on
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed ProChem Energy Services, Inc. 03 Mar 2021
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