M&A Deal Summary

NGP Energy Technology Partners Acquires Viking

On September 13, 2012, corporate investor NGP Energy Technology Partners acquired energy services and equipment company Viking

Acquisition Highlights
  • This is NGP Energy Technology Partners’ 8th transaction in the Energy Services and Equipment sector.
  • This is NGP Energy Technology Partners’ 16th transaction in the United States.
  • This is NGP Energy Technology Partners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2012-09-13
Target Viking
Sector Energy Services and Equipment
Buyer(s) NGP Energy Technology Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Viking

Cary, North Carolina, United States
website
Viking is a specialty fishing, thru tubing and remedial services company.Viking is based in Cary, North Carolina.

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Buyer(S) 1

Buyer

NGP Energy Technology Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Corporate Investor
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.


DEAL STATS #
Overall 18 of 23
Sector (Energy Services and Equipment) 8 of 10
Type (Buyout (LBO, MBO, MBI)) 3 of 5
State (North Carolina) 1 of 1
Country (United States) 16 of 21
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-23 Environmental Drilling Solutions

Lafayette, Louisiana,

Environmental Drilling Solutions LLC is a provider of mobile cuttings drying units, pressure washers, and rig vacuum systems to the oil & gas industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 Satcon Technology

Boston, Massachusetts, United States

Satcon Technology Corp. involved in design, development, manufacturing, sales and service ventures in the following sectors: semiconductor and electronic components, computer and core computer parts, software and system integration, telecommunications and consumer electronics.

Sell -