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Case Studies

FRAC Specialists

Energy

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SIT­U­A­TION

  • FRAC Spe­cial­ists (the ​“Com­pa­ny) pro­vides hydraulic frac­tur­ing, acidiz­ing, and cement pump­ing ser­vices to cus­tomers pri­mar­i­ly in the Per­mi­an Basin
  • Due pri­mar­i­ly to mar­ket con­di­tions, EBIT­DA dropped from $37 MM in 2014 to neg­a­tive in 2015
  • The Com­pa­ny filed for Chap­ter 11

OUT­COME

  • Chi­ron advised the Com­pa­ny and orga­nized its sale to Encore Ener­gy Services
Frac specialists 1

The Challenge

Due primarily to market conditions, EBITDA dropped from $37 MM in 2014 to negative in 2015.

The Chiron Solution

The Company filed for Chapter 11.

The Result

Chiron advised the Company and organized its sale to Encore Energy Services.

Is your com­pa­ny per­form­ing like it should?

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