C&J Energy Services Inc., Houston, (NYSE: CJES) plans to purchase all of the outstanding equity interests of Houston-based Casedhole Holdings Inc. and its operating subsidiaries, including Casedhole Solutions Inc., for approximately $272.5 million in cash.

C&J is funding the purchase through $220 million drawn from the company’s senior secured revolving credit facility.

Casedhole is a multi-regional independent provider of cased-hole wireline and other complementary services for energy producers in the U.S.  The company has a geographic presence in 10 of the most active U.S. areas, including the Williston and Uinta ...