Argonaut Private Equity bought the Tomball, Texas-based cementing solutions business BJ Services Co. following its Chapter 11 bankruptcy.

BJ rebranded as American Cementing and retained 260 employees in relation to its cementing business and procurement of assets and equipment, which includes bulk plants and technical laboratories. Fracturing assets were not purchased in the transaction.

Argonaut is a private equity firm with a focus on energy services, manufacturing and industrial companies.

Simmons Energy, a division of Piper Sandler, was M&A investment banker to BJ Services.