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Deal of the week: Local energy services co. to acquire Corpus Christi co. for $500M after recent IPO

Olivia Pulsinelli
Deal of the week: Local energy services co. to acquire Corpus Christi co. for $500M after recent IPO

Houston-based Nine Energy Service Inc. (NYSE: NINE) will acquire Corpus Christi-based Magnum Oil Tools International Ltd. for $493 million. In June, Fox told the Houston Business Journal that the company was interested in both organic and inorganic sources of growth.