Ranger Energy Services, Inc. to acquire STEP Energy Services (USA) Ltd., STEP Energy Services (Leasing) LLC, STEP Energy Services Holdings Ltd., and STEP Nitrogen Industrial Services (USA) Ltd.

Ranger Energy Services, Inc. has agreed to acquire STEP Energy Services (USA) Ltd., STEP Energy Services (Leasing) LLC, STEP Energy Services Holdings Ltd., and STEP Nitrogen Industrial Services (USA) Ltd. The transaction, valued at 27,500,000 USD, was announced on 31 August 2026. This asset sale involves the transfer of specific business units within the energy sector. Both the buyer and the target entities are based in the United States. The consideration for the deal comprises both cash and shares, reflecting a mixed payment structure for the acquisition.

The deal was completed on 8 October 2026, following the initial announcement. The transaction represents a significant consolidation of assets in the energy industry, with Ranger Energy Services expanding its portfolio through the acquisition of these STEP entities. The reported headline offer value indicates the total financial commitment for the purchase. With the completion date confirmed, the integration of these assets into Ranger Energy Services is now underway. The transaction is subject to regulatory approval.