Flowco Holdings Inc. completed the acquisition of Riverstone Oilfield Services and Equipment, Inc. (also known as Valiant Artificial Lift Solutions, LLC) from Riverway Group on March 2, 2026. The total consideration for the acquisition was approximately $200.0 million, net of Valiant's cash on hand. The consideration comprised $170.0 million in net cash, funded through Flowco's revolving credit facility, and 1,454,849 shares of Flowco Class A common stock. In connection with the acquisition, Flowco entered into a Registration Rights and Lock-Up Agreement with Riverway Group. This agreement grants Riverway Group rights to register and resell the Class A common stock received as consideration and includes a 180-day lock-up period on transfers, subject to certain exceptions.