FlexSteel Technologies

Cactus Paying $621M for FlexSteel to Expand Specialized Oil and Gas Pipeline Technology

Cactus Paying $621M for FlexSteel to Expand Specialized Oil and Gas Pipeline Technology

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. 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…

January 3, 2023