Hastings Announces Merger of Reach Wireline and Edge OFS
October 29, 2021
HOUSTON, TEXAS (October 29, 2021) — Hastings Equity Partners (“Hastings”), a preferred capital partner to lower middle market businesses, is pleased to announce the merger of Reach Wireline, LLC (“Reach”) and Edge OFS Holdings, LLC (“Edge OFS”), a portfolio company of Edge Natural Resources, LLC.
Based in Fort Worth, Texas, Reach is a provider of Cased Hole Wireline services in the Permian and Marcellus Basins. Founded in 2017 by Chief Executive Officer Chris Payson, Reach is a technologically differentiated service provider that specializes in extended laterals, highly deviated wells, and complex completion designs. Reach’s unique technology offering of greaseless, coated wireline is an environmentally friendly approach to traditional wireline work that enhances the production recovery capacity while minimizing environmental impact for its customers.
“We are proud of what we built in our partnership with Chris and the team at Reach”, said Ted Patton, Managing Director at Hastings. Chris and his team have done a phenomenal job driving innovation across Reach’s service lines, expanding geographically, continually improving their in-field capabilities with a safety-first culture. We look forward to supporting Reach and Edge OFS in their next stage of growth.
Edge OFS Holdings, LLC, parent company to Reliance Oilfield Services, LLC, is a completions-focused oilfield services platform positioned to deliver high quality, integrated, differentiated completion solutions in the most active oil and gas basins in North American. Edge OFS is recognized as an industry leader, offering its customers the most advanced technology solutions and a strong track record of safe operation.