Armory Securities, LLC Serves as Sell-Side Financial Advisor to Premium Oilfield Services, LLC's Sale to Archer Limited

Armory Securities, LLC is pleased to announce that Premium Oilfield Services, LLC (“Premium”) has been acquired by Archer Limited (OSE: ARCH), a global oilfield services company headquartered in Norway. Armory served as exclusive sell-side financial advisor to Premium in connection with this transaction.

Armory advised Premium and its shareholders in connection with the sale of the company to Archer, a leading provider of drilling, well services, and intervention solutions to the global energy industry. The transaction represents a strategic expansion of Archer’s U.S. footprint and enhances its capabilities across the well services lifecycle.

Premium is a well-established, leading independent well service provider of fishing and P&A-related services across U.S. land and offshore markets. Founded in 2012, Premium has built a strong reputation for service quality and technical expertise with major operators. Today, Archer and Premium’s complementary client base represents an estimated 80%+ of deepwater P&A and decommissioning spend in the U.S. Gulf region.

The acquisition positions Archer to expand its customer base and deepen relationships with key strategic partners, while integrating Premium’s experienced management team and workforce to enhance operational capabilities and support long-term growth in North America.