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Monomoy Capital Partners Acquires Creedence Energy Services

Seven years after its founding and following a five-year growth cycle under Tower Arch Capital, Creedence Energy Services has transitioned to new ownership. Monomoy Capital Partners acquired the chemical services provider in a deal finalized this week, marking a significant exit for the Salt Lake City-based private equity firm.

Monomoy Capital Partners Acquires Creedence Energy Services
Photo: Bio & News

Since 2019, Creedence expanded its footprint to 22 locations, deploying over 275 employees to support oil and gas operators across major U.S. basins, including the Permian and Bakken. During this tenure, Tower Arch facilitated a series of add-on acquisitions and infrastructure upgrades designed to scale the company’s customized chemical programs. Kevin Black, co-founder and CEO of Creedence, credited the partnership with strengthening the company's internal systems and corporate culture as it moved from a regional player to a nationwide provider.

Tower Arch partners David Parkin and Ryan Stratton characterized the exit as a validation of their strategy to scale founder-led businesses. While the financial terms of the acquisition remain confidential, the transition places Creedence within the portfolio of Monomoy Capital Partners, a firm focused on middle-market industrial and service enterprises. KeyBanc Capital Markets and Gibson, Dunn & Crutcher LLP served as advisors to the sellers during the transaction.

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