RNGR - Ranger Energy Services acquires Patriot Completion in all-stock transaction
Ranger Energy Services ([[RNGR]] -1.6%) acquired Patriot Completion Solutions in an all-stock transaction thereby expanding the former's high quality wireline business while maintaining our considerable balance sheet strength.Patriot has a market leading reputation for wireline evaluation and intervention services, combined with its strong market presence in the Permian, Bakken, DJ, and Powder River Basins, and debt free balance sheet.The company continues to pursue additional accretive strategic transactions.
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Ranger Energy Services acquires Patriot Completion in all-stock transaction