About Basic Energy Services
Basic Energy Services is a company based in Fort Worth (United States) founded in 1992.. The company has 2,426 employees as of December 31, 2020. Basic Energy Services has completed 2 acquisitions, including Platinum Pressure Services and Team Snubbing Service.
- Headquarter Fort Worth, United States
- Employees 2426 as on 31 Dec, 2020
- Stage Public
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Phone
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Website
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Social
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- Legal Name Maine Potato Growers, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$150 M (USD), Debt – Conventional
Oct 10, 2018
- Investors
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Employee Count
2426
as on Dec 31, 2020
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Investments & Acquisitions
Platinum Pressure Services
& 1 more
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Funding Insights of Basic Energy Services
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $150.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Debt – Conventional - Basic Energy Services | Valuation |
investors |
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| Oct, 2016 | Amount | Debt – Conventional - Basic Energy Services | Valuation |
investors |
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| Oct, 2012 | Amount | Debt – Conventional - Basic Energy Services | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Basic Energy Services
Basic Energy Services has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include First Reserve. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Energy sector investments are managed via private equity.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Basic Energy Services
Basic Energy Services has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Platinum Pressure Services and Team Snubbing Service. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of rig, snubbing, and well site services for oil & gas
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2008 | ||||
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Specialized snubbing services for oilfield operations are delivered in Canada.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Basic Energy Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Basic Energy Services Comparisons
Competitors of Basic Energy Services
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Basic Energy Services
When was Basic Energy Services founded?
Basic Energy Services was founded in 1992 and raised its 1st funding round 8 years after it was founded.
Where is Basic Energy Services located?
Basic Energy Services is headquartered in Fort Worth, United States. It is registered at Fort Worth, Texas, United States.
How many employees does Basic Energy Services have?
As of Dec 31, 2020, the latest employee count at Basic Energy Services is 2,426.
What does Basic Energy Services do?
Basic Energy Services was founded in 1992 in Fort Worth, United States, as a provider of diversified services in the oil and natural gas sector. Operations are conducted across six geomarkets, including the Texas Gulf Coast, Central region, Permian Basin, California, Appalachian region, and Rocky Mountains. Key services encompass well servicing, fluid handling, pumping, coil tubing, wireline operations, rental and fishing tools, contract drilling, and saltwater disposal systems.
How many acquisitions has Basic Energy Services made?
Basic Energy Services has made 2 acquisitions, including Platinum Pressure Services, and Team Snubbing Service.
Who are Basic Energy Services's investors?
Basic Energy Services has 1 investor. Key investors include First Reserve.