Houston-based energy services co. buys Colorado fracking co. after recent IPO

Keane Group Inc., a Houston-based fracking-services company, said May 18 it has a deal to acquire another firm in that business, Denver-based RockPile Energy Services LLC, for $284.5 million.

The acquisition, which is expected to close by July 31, comes only a few months after Keane (NYSE: FRAC) raised more than $300 million in its initial public offering.

Keane is buying the privately held business from White Deer Energy, a Houston- and New York-based private equity firm. White Deer bought RockPile…

Houston-based energy services co. buys Colorado fracking co. after recent IPO syndicated post

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