Flowco closes ~US$113M Lifting Solutions buy to broaden artificial lift kit

Flowco Holdings completed its acquisition of Lifting Solutions Energy Services on October 2, 2026 for C$159.0 million in cash, about US$113 million at the company's stated exchange rate, according to a Form 8-K and Completes release.

Flowco Holdings said it completed its acquisition of Lifting Solutions Energy Services on October 2, 2026, paying C$159.0 million in cash for the Edmonton-based artificial lift manufacturer in a same-day sign-and-close, according to a Form 8-K.

What closed October 2

Flowco Holdings Inc. (NYSE: FLOC) reported that its wholly owned Alberta subsidiary, Lifting Solutions Holdings Canada Corp., entered a Share Purchase Agreement on October 2 to buy all issued and outstanding equity interests of Lifting Solutions Energy Services Inc. from the sellers, with ARC Equity Management (Fund 7) Ltd. acting as equityholder representative. The filing says execution of the agreement and closing happened simultaneously that day. The aggregate purchase price is C$159.0 million in cash, subject to customary adjustments under the purchase agreement.

Flowco's Completes release, furnished with the Form 8-K, restates the close and converts the cash consideration to approximately US$113 million using a CAD/USD exchange rate of 0.71, subject to adjustment. The target is described as a vertically integrated maker of continuous rod and progressing cavity pumps headquartered in Edmonton, Alberta, founded in 2014, with customers across Canada, the United States, the Middle East, and other international markets.

Earnout and how Flowco paid

Sellers can receive a one-time contingent earnout of up to C$10.0 million based on the acquired company's 2027 EBITDA. The Form 8-K sets an earnout threshold of C$32.0 million and an earnout cap of C$36.8 million for the calendar year ended December 31, 2027, with any earnout payable no later than March 31, 2028. No earnout is owed if 2027 EBITDA is at or below the threshold.

The Completes release says the deal was structured on a cash-free, debt-free basis and that Flowco funded the cash consideration with borrowings under its ABL facility. The Form 8-K describes that funding as borrowings under Flowco's five-year senior secured revolving credit facility.

Flowco framed the bolt-on as expanding its production-optimization and artificial-lift offering by adding continuous rod and progressing cavity pump technology, including proprietary rod coatings and PCP designs aimed at longer run times and lower workover and lifting costs for customers - company-stated rationale in the Completes materials, not third-party verification.

Flowco Holdings' Form 8-K AccNo 0001193125-26-411196 (Items 1.01, 7.01, and 9.01), including Exhibit 99.1, is the company disclosure for the October 2 close and the C$159.0 million cash price; the Completes release supplies the approximately US$113 million conversion at 0.71.