Reach Wireline, a Fort Worth, Texas-based provider of cased hole wireline and pumpdown services to exploration and production companies, received an investment from Hastings Equity Partners.
The financial terms of the deal were not disclosed.
Founded in 2017 by Chief Executive Officer Chris Payson, Reach is a provider of Cased Hole Wireline services in the Permian, Mid-Continent and Marcellus regions. The company specializes in extended laterals, highly deviated wells and complex completion designs.
Since its inception, Reach has grown organically and by acquiring Rush Wellsite Services and Precise Pressure Control.
Hastings Equity Partners is a private equity firm focused on investing in lower, middle-market energy services and equipment companies.