Hastings Equity Partners Exits FMH and CP Well Testing

Hastings Equity Partners said Monday that it has sold Fluid Management Holdings and CP Well Testing to Prospect Capital Corp. for approximately $105 million. Headquartered in Weatherford, OK, FMH is a provider of water hauling, disposal and acid services for oil and gas companies in the Texas Panhandle and Western Oklahoma. CP, which is based in Elk City, OK, is a provider of flowback and well-testing services for oil and gas companies in the Granite Wash, Permian and Cana-Woodford plays.

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