Tower Arch Capital Announces Successful Recapitalization of Creedence Energy Services by Monomoy Capital Partners
EmitenTrust.com SALT LAKE CITY, Oct. 8, 2026 /PRNewswire/ -- Tower Arch Capital ("Tower Arch") is pleased to announce the successful exit of Creedence Energy Services ("Creedence") to Monomoy Capital Partners ("Monomoy"), concluding a highly productive partnership that began in 2019.
Creedence Energy Services is a comprehensive, nationwide production and midstream chemicals service provider helping customers optimize production and protect assets across the oil and gas value chain via customized chemical programs. Creedence serves leading operators across the U.S., primarily in the Bakken, Permian, Anadarko, Haynesville, San Juan, and Powder River Basins, with 275+ team members across 22 locations serving over 200 customers.
Creedence Co-Founder and CEO Kevin Black said, "I am very proud of what the entire Creedence team has been able to accomplish since partnering with Tower Arch in 2019. Tower Arch has been instrumental in supporting us through several strategic and tactical initiatives such as add-on acquisitions and system implementations and upgrades, all while being great partners to Creedence. I'm very grateful to have found a group that could help take us to the next level while positively impacting our people and culture. We have been fortunate to expand Creedence's scale significantly during our time with Tower Arch, and we look forward to continuing that momentum with Monomoy."
David Parkin, a Partner at Tower Arch, commented, "We are very grateful for the trust of the Black Family, the Turner Family, and the entire Creedence team. Creedence's capabilities and commitment to exceptional service and safety are truly differentiated in the industry and are the foundation of its remarkable performance." Tower Arch Partner Ryan Stratton added, "Creedence is representative of Tower Arch's focus on partnering with and growing family- and founder-led businesses to help them achieve their full potential while delivering superior outcomes for our investors. We are excited to see what Creedence accomplishes next."
Creedence and Tower Arch were advised on the transaction by KeyBanc Capital Markets and Gibson, Dunn & Crutcher LLP. Terms of the transaction were not disclosed.
About Creedence Energy Services
Founded in 2014, Creedence is a leading production and midstream chemicals service provider, offering formulated chemistries and tailored services, primarily in the Bakken, Permian, Anadarko, Haynesville, San Juan, and Powder River Basins. It offers customized chemical programs to optimize production performance and support asset integrity within existing oil and natural gas production wells, midstream pipelines, and saltwater disposal facilities. For more information, please visit www.creedence-energy.com.
About Tower Arch Capital
Headquartered in Salt Lake City, UT, Tower Arch Capital is a growth-oriented middle-market private equity firm. Tower Arch seeks to partner with high-quality family- and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to companies to help them improve their operations, scale, and grow. Target investments include control positions in businesses with EBITDA between $8 million and $35 million. For more information, please visit www.towerarch.com.
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SOURCE Tower Arch Capital