PPHB Advised OneX on its Acquisition of United Energy Partners
One X – A Completions Partner (“One X”)
One X (formerly known as Covenant Testing Technologies) is a full-service completions services platform offering pressure control, drill-out, flowback, and well testing services to some of the largest global energy operators in the world across the Permian Basin, Eagle Ford Shale, and Haynesville Shale. One X was founded in 2013 and is headquartered in The Woodland, Texas.
Kingswood Capital Management, LP (“Kingswood”)
Kingswood partners with leading companies in the middle market which stand to benefit from its capital and extensive operating resources. Kingswood embraces complexity and believes it is well-positioned to support businesses at inflection points in their development to enhance value. Based in Los Angeles, Kingswood is a cohesive, entrepreneurial team with a long history of shared success developing “win-win” partnerships with its portfolio companies and management teams.
United Energy Partners (“UEP”)
UEP is the leading provider of pressure control services and equipment rental solutions for energy operators across the DJ Basin and other geographies with one of the largest fleets of serviceless (greaseless) pressure control valves in the United States. UEP was founded in 2024 and is headquartered in Greeley, Colorado.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: