Monomoy Capital Partners has completed the recapitalization of Creedence Energy Services, acquiring the US oilfield chemicals business from Tower Arch Capital and ending the seller's investment partnership that began in 2019. The transaction was announced on October 8, 2026, with financial terms, including the acquisition price and ownership structure, undisclosed.
Founded in 2014, Creedence provides specialised chemical programmes and services for oil and natural gas production and midstream infrastructure. Its operations support production performance and asset integrity across producing wells, pipelines and saltwater disposal facilities.
The company employs more than 275 people across 22 locations and serves over 200 customers. Its key operating regions include the Bakken, Permian, Anadarko, Haynesville, San Juan and Powder River Basins, giving the business an established presence across major US oil and gas producing regions.
During Tower Arch's ownership, Creedence expanded its operational scale through initiatives including add-on acquisitions and improvements to internal systems. The transaction concludes an investment partnership that began in 2019 for the Salt Lake City-based private equity firm, which specialises in partnerships with middle-market, family-owned and entrepreneur-led businesses.
Buyer / Parties: Monomoy Capital Partners; seller Tower Arch Capital
Target: Creedence Energy Services
Sector: Oilfield chemicals, energy services and midstream infrastructure
Deal type: Private equity recapitalization and exit
Value: Undisclosed
Geography: United States
Identified advisers: KeyBanc Capital Markets; Gibson, Dunn & Crutcher LLP
The transaction transfers Creedence to a new private equity owner following a period of operational expansion under Tower Arch. Monomoy acquires an established chemicals services platform with operations across six major US oil and gas basins, a customer base exceeding 200 and capabilities spanning production optimisation and infrastructure protection. The acquisition also represents a completed portfolio exit for Tower Arch.
Seller / Target — Tower Arch Capital and Creedence Energy Services: KeyBanc Capital Markets acted as financial adviser to the selling parties. Gibson, Dunn & Crutcher LLP served as legal counsel, with its M&A team led by partner Abtin Jalali. The firm's work also covered tax, intellectual property, employee benefits and environmental matters.
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