Onshore oilfield services provider Cactus Inc. has clinched a $621 million agreement to acquire FlexSteel Technologies Holdings Inc., giving it oomph to build out pipeline technologies used during a well’s lifecycle.

Cactus Deal

Houston-based Cactus designs, manufactures, sells and rents a range of wellhead and pressure control equipment primarily for onshore unconventional oil and gas wells throughout the United States and Australia. FlexSteel, also based in Houston, operates across the United States and Canada, manufacturing spoolable pipe technologies primarily used during a well’s lifecycle.

“This acquisition enhances Cactus’ position as a premier manufacturer of specialized technologies delivered directly to our industry’s end-users,” CEO Scott Bender said. 

FlexSteel...