ProChem Energy Services, Inc.

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ProChem Energy Services, Inc. - overview

Established

2014

Location

Healdton, OK, US

Primary Industry

Chemicals

About

ProChem Energy Services, Inc. is a U. S. -based company specializing in advanced technology solutions that enhance operational efficiency for businesses across diverse sectors, with a strong focus on software-as-a-service (SaaS) offerings.


Founded in 2014, ProChem Energy Services, Inc. operates from Healdton, US, providing technological solutions in the energy sector. In March 2021, the company was acquired by Creedence Energy Services, LLC, a portfolio company of Tower Arch Capital, in a recapitalization deal, which enables geographic expansion across the top U. S.


basins. The CEO is Kevin Black. ProChem Energy Services, Inc. specializes in a range of innovative technology solutions tailored to meet the needs of businesses.


Their primary offerings include a robust suite of software-as-a-service (SaaS) products designed to enhance operational efficiency and streamline workflows. These products incorporate advanced analytics and automation capabilities, addressing pain points such as data management, customer relationship management, and project collaboration. The company serves a diverse clientele, ranging from small to medium-sized enterprises (SMEs) to larger corporations, particularly in North America and Europe, with a focus on empowering organizations through enhanced productivity tools. The company's revenue model is based on recurring transactions through subscription pricing for its core SaaS products, with clients typically engaging in annual or monthly subscriptions that provide access to a complete suite of services, including premium features and ongoing updates.


The pricing structure includes clearly defined tiers to accommodate various business sizes and needs, ensuring a steady flow of income while fostering long-term client relationships. ProChem Energy Services, Inc. is set to utilize the recent acquisition in March 2021 to expand geographically across key U. S.


basins. The acquisition by Creedence Energy Services, LLC will support their strategy in investing in new markets, enhancing their technological offerings, and establishing new products aimed at improving energy service solutions. Further details on new product launches were not disclosed, but the focus will be on bolstering their SaaS capabilities to meet market demands.


Current Investors

Creedence Energy Services, LLC

Primary Industry

Chemicals

Sub Industries

Consulting Services, Oil & Gas Equipment and Services, Petrochemicals

Website

www.prochemes.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

ProChem Energy Services, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedProChem Energy Services, Inc.-

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