Rowan Energy specializes in frac sand filtration and field support services
December 15, 2025|John McNulty
Gladstone Investment Corporation has acquired Rowan Energy, a provider of oilfield services, in partnership with Xyresic Capital.
Rowan Energy is an oil and gas services company that specializes in frac sand filtration, completion-equipment deployment, and field-operations support. In a typical commercial application, Rowan deploys high-capacity filtration units to well sites, removing fine particulates from fracking fluids to prevent equipment damage during high-pressure pumping operations. Rowan Energy is headquartered in Oklahoma City, Oklahoma.
According to Grand View Research, the U.S. oil and gas security and service market was valued at $7 billion in 2024 and is projected to reach $8.4 billion by 2030, growing at a CAGR of 3.1%. The market is driven by increasing demand for efficiency in drilling operations and the maintenance of aging well infrastructure.
Christopher Lee
“Rowan’s commitment to delivering outstanding solutions for its customers has been central to its impressive growth,” said Christopher Lee, a senior managing director at Gladstone Investment. “We are proud to invest in a business that has set the standard for success in its sector and see tremendous growth potential ahead.”
Gladstone Investment (NASDAQ: GAIN) makes debt and equity investments in US-based small to middle-market businesses. The firm generally invests up to $75 million of debt and equity in companies that have from $4 million to $15 million in EBITDA. Gladstone Investment is based near Washington DC in McLean, Virginia.
“Our investment in Rowan aligns with our pursuit of opportunities that provide reliable dividend income and the potential for attractive long-term capital appreciation resulting in capital gains for our shareholders,” said David Dullum, the president of Gladstone Investment. “We look forward to working together with the management team to realize this value creation.”
Xyresic Capital is an independent sponsor that makes control equity investments in US and Canadian lower-middle-market businesses. Founded in 2019, the firm generally targets companies that have from $5 million to $25 million in EBITDA and operate in the business services, consumer, manufacturing, energy, and healthcare sectors. Xyresic Capital is based in Chicago, Illinois.
