About STEP Energy Services
STEP Energy Services is a company based in Calgary (Canada) founded in 2011 was acquired by ARC Financial in October 2025.. STEP Energy Services has completed 1 acquisition, including Tucker Energy. STEP Energy Services offers products and services including Coiled Tubing and Fracturing.
- Headquarter Calgary, Canada
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Step Energy Services Ltd.
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Annual Revenue
$663.73 M (USD)0.98as on Dec 31, 2024
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Net Profit
$1.22 M (USD)-96.51as on Dec 31, 2024
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EBITDA
$111.63 M (USD)-1.15as on Dec 31, 2024
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Latest Funding Round
$56 M (USD), Post-IPO
Mar 15, 2018
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
ARC Financial
(Oct 17, 2025)
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IPO & Listings of STEP Energy Services
STEP Energy Services is a publicly listed company on the TSX with ticker symbol STEP in Canada, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of STEP Energy Services
STEP Energy Services offers a comprehensive portfolio of products and services, including Coiled Tubing and Fracturing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Coiled tubing services are utilized to enable reliable intervention in longer laterals for well completions and interventions.
Fracturing services are designed to enhance reservoir performance while reducing environmental footprints in energy operations.
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Funding Insights of STEP Energy Services
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $56.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2018 | Amount | Post-IPO - STEP Energy Services | Valuation |
investors |
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| Jun, 2011 | Amount | Seed - STEP Energy Services | Valuation |
investors |
| 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 STEP Energy Services
STEP Energy Services has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include ARC Financial. 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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Canada's largest energy-focused private equity manager is operated.
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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 STEP Energy Services
STEP Energy Services has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tucker Energy. 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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Oil and gas exploration, production, and distribution are integrated.
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1935 |
| 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 - STEP 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 |
Step Energy Services Comparisons
Competitors of STEP 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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Latest news on Step Energy Services
Frequently Asked Questions about STEP Energy Services
When was STEP Energy Services founded?
STEP Energy Services was founded in 2011.
Where is STEP Energy Services located?
STEP Energy Services is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of STEP Energy Services?
Regan Davis is the current CEO of STEP Energy Services.
What is the annual revenue of STEP Energy Services?
Annual revenue of STEP Energy Services is $663.73M as on Dec 31, 2024.
What does STEP Energy Services do?
STEP Energy Services was established in 2011 and is based in Calgary, Canada. The oilfield services sector forms the core of its activities, where various solutions are delivered to support drilling, completion, and production processes. Operations extend across North American energy regions, with services tailored to hydraulic fracturing and coiled tubing applications. Oversight is maintained by CEO Regan Davis, ensuring alignment with industry standards.
What products or services does STEP Energy Services offer?
STEP Energy Services offers Coiled Tubing and Fracturing.
Is STEP Energy Services publicly traded?
Yes, STEP Energy Services is publicly traded on TSX under the ticker symbol STEP.
How many acquisitions has STEP Energy Services made?
STEP Energy Services has made 1 acquisition, including Tucker Energy.
Who are STEP Energy Services's investors?
STEP Energy Services has 1 investor. Key investors include ARC Financial.
What is STEP Energy Services's ticker symbol?
The ticker symbol of STEP Energy Services is STEP on TSX.