Clearlake Capital Group LP has led the recapitalization of Globe Energy Services LLC in partnership with Globe’s management team and other existing stakeholders. Terms of the transaction were not disclosed.
Globe provides oilfield services with more than 50 operating locations throughout Texas, New Mexico, and Oklahoma – with the majority of its operations in the Permian Basin. The company offers a range of services primarily focused on production activities and the maintenance of existing wells, with capabilities that include fluid services, completion services, artificial lift, well services, fishing and rental, production chemicals, water infrastructure solutions, and other environmental services.
Globe was founded in 2004 to serve oil and gas producers in the Permian Basin, and has since grown to provide additional complementary service lines across multiple basins in the US.