Flowco gains after $113 million deal
FLOC•Flowco Holdings completed its $113 million acquisition of Canada-based Lifting Solutions Energy Services, and its shares rose 3.17%.
1. Acquisition completed
Flowco said the acquisition broadens its artificial-lift offerings and strengthens its presence in Canada and international markets. Jefferies said the company’s Q3 setup appeared in line with expectations, with investor focus on Q4 guidance.
