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Stratim Cloud Acquisition (SCAQ) to Combine with Force Pressure Control in $287M Deal

Stratim Cloud Acquisition (SCAQ) to Combine with Force Pressure Control in $287M Deal

Stratim Cloud (NASDAQ:SCAQ) has entered into a definitive agreement to combine with oil and gas services provider Force Pressure at an enterprise value of $287.5 million, or 3.8x its 2022E adjusted EBITDA. The Seguin, Texas-based company provides drilling equipment and services primarily to the Eagle Ford, Permian and Haynesville basins in Texas and surrounding states.
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