Investors buying Frac Tech

A consortium of investors has reached an agreement to purchase Frac Tech Holdings, the majority shareholder of Frac Tech Services LLC.

The group, which will own 70-percent of the Cisco-based company, includes Maju Investments, an investment holding company of Temasek Holdings and RRJ Capital, according to a news release.

Frac Tech President Marc Rowland said the partnership allows the company to further its growth strategy and continue delivering quality service to its customers.

Frac Tech is the fourth largest provider of well-stimulation services to the U.S. exploration and production industry. It has a district office in Odessa. Your Ads Here