HOUSTON, March 3 — Flowco Holdings Inc. (NYSE:FLOC) (“Flowco”) today announced the completion of its previously announced acquisition of Valiant Artificial Lift Solutions, LLC (“Valiant”). Total consideration for the transaction, net of Valiant’s cash on hand, was approximately $200 million. Flowco funded the $170 million of net cash consideration, subject to certain purchase price adjustments, using available capacity under its ABL facility, with the balance of the consideration comprised of approximately 1.5 million shares of Flowco Class A common stock, which share amount was originally determined based on the 10-day volume-weighted average price as of January 30, 2026.
Joe Bob Edwards, President and Chief Executive Officer of Flowco, commented, “We are pleased to welcome the talented Valiant team as they officially join Flowco. Our shared service-oriented culture and deep commitment to our customers make this a compelling combination. Valiant’s leading ESP capabilities complement Flowco’s existing artificial lift portfolio by expanding our ability to support operators earlier in a well’s producing life and creating additional touchpoints over the life of the well. This strategic acquisition creates meaningful opportunities to leverage our combined footprint across the Permian and other key basins, further advancing our core strategy to deliver the right solution in each well, every time.”