Nighthawk Secures Majority Investment for Strategic Growth

Nighthawk Completion Services, a prominent provider of proprietary chemicals and fluid systems for oil and gas well completions and production, has obtained a majority investment and growth equity commitment from a group led by Bruce Ross, with significant participation by Backcast Partners. This investment is poised to drive Nighthawk's expansion efforts, supported by an impressive team of energy sector executives, including Bruce Ross as Chairman. Backcast Partners is lending its expertise and capital, emphasizing its confidence in Nighthawk's robust business model and market leadership. Piper Sandler acted as the financial advisor, while legal counsel was provided by Kean Miller, Locke Lord, and McGuireWoods for the transaction. The investment structure comprises new term debt and preferred equity, alongside a newly established line of credit from the Bank of Texas, aimed at underpinning Nighthawk's growth initiatives, particularly geographic expansion and new product development. Nighthawk aims to leverage its current market position, quality service, and management strength to continue its growth trajectory.