Monomoy buys oilfield chemicals provider Creedence from Tower Arch
What's the deal? Monomoy Capital PartnersDealroom has a profile for this one. Try Dealroom → has acquired Creedence Energy ServicesDealroom has a profile for this one. Try Dealroom →, a nationwide production and midstream chemicals provider, from private equity firm Tower Arch CapitalDealroom has a profile for this one. Try Dealroom →. The recapitalization, announced October 8, 2026, ends a partnership that began in 2019. Terms were not disclosed.
What does Creedence do? Founded in 2014, the company supplies customized chemical programs that help oil and gas operators optimize production and protect assets. It serves over 200 customers with more than 275 team members across 22 locations.
Where it operates: Creedence works primarily in the Bakken, Permian, Anadarko, Haynesville, San Juan, and Powder River Basins, covering production wells, midstream pipelines, and saltwater disposal facilities.
The strategic rationale: Under Tower Arch, Creedence pursued add-on acquisitions and system upgrades, expanding its scale significantly. The new owner continues that growth trajectory.
What they're saying: Creedence co-founder and chief executive officer Kevin Black said he was "very proud of what the entire Creedence team has been able to accomplish" since 2019, adding the company looks forward to "continuing that momentum with Monomoy."
Tower Arch partner Ryan Stratton said Creedence reflects the firm's "focus on partnering with and growing family- and founder-led businesses." KeyBanc Capital MarketsDealroom has a profile for this one. Try Dealroom → and Gibson, Dunn & Crutcher advised Creedence and Tower Arch.
The signal: The deal marks another handoff of a founder-built oilfield services business between middle-market private equity firms, a familiar path as sponsors seek scaled, cash-generating assets across US shale basins.
Read more: prnewswire.com
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