$RNGR (RANGER ENERGY SERVICES) — 8-K: Ranger to acquire STEP’s U.S. coiled tubing assets for $27.5 million

Ranger Energy Services entered an agreement to acquire STEP Energy Services’ U.S. coiled tubing assets for approximately $27.5 million in total consideration. The acquired business includes 13 full coiled tubing spreads and is expected to generate more than $10 million of 2027 EBITDA, including at least $2.5 million of first-year cost synergies. Ranger expects to hire approximately 220 coiled tubing professionals and positions itself as the second-largest U.S. onshore coiled tubing operator.

Ranger Energy Services entered an agreement to acquire STEP Energy Services’ U.S. coiled tubing assets for approximately $27.5 million in total consideration. The acquired business includes 13 full co