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acquisitionAnnounced · Feb 23, 2026EnergySource · CredibleArticle · Factual
Eldridge Capital Management acquires ProPetro
David Najork · Founding Software Engineer
Published · Updated · 1 min read
Deal value
$350M
Target
ProPetro
NYSE: PUMP · Midland, Texas
Acquirer
Eldridge Capital Management
Financial Stake
Status
Completed
Eldridge Capital Management agreed to acquire ProPetro. Reported deal value: $350M. Status: Completed. Sector: Energy. Target headquarters context: Midland, Texas, United States.
This page summarizes publicly available information about the transaction as of 2026-02-23. Figures and status may change as filings and press coverage update.
ProPetro Inches up on Deal with Eldridge Eldridge Capital Management today announced the closing of a $350 million lease facility with ProPetro Energy Solutions , LLC d/b/a PROPWRS, a wholly owned subsidiary of ProPetro Holding Corp .
Deal timeline
Announced
Feb 23, 2026 · baystreet.ca
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Energy with a reported deal value of $350M. Figures and status may change as sources update.
Sources: baystreet.ca · Primary article · FireStrike proprietary index