M&A Deal Summary

Quantum Energy Partners Acquires Tug Hill

On August 21, 2014, private equity firm Quantum Energy Partners acquired oil/gas exploration company Tug Hill

Acquisition Highlights
  • This is Quantum Energy Partners’ 38th transaction in the Oil/Gas Exploration sector.
  • This is Quantum Energy Partners’ 46th transaction in the United States.
  • This is Quantum Energy Partners’ 32nd transaction in Texas.

M&A Deal Summary
Date 2014-08-21
Target Tug Hill
Sector Oil/Gas Exploration
Buyer(s) Quantum Energy Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Tug Hill

Fort Worth, Texas, United States
website
Tug Hill is an oil and gas operating company based in Fort Worth, TX with offices in Canonsburg, PA and Boulder, CO. THQA is a partnership between Quantum Energy Partners and Tug Hill that is currently focused on the acquisition, development and exploitation of unconventional gas and liquids-rich assets in the Appalachian Basin, with an emphasis on the Marcellus and Utica/Point Pleasant formations in West Virginia and Southwest Pennsylvania.

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Buyer(S) 1

Buyer

Quantum Energy Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Quantum Energy Partners is a specialist private equity firm focused on investments within the energy sector. Quantum's primary focus is on opportunities within the oil and gas upstream and midstream sectors, however, the Firm will also consider investments in oil field services and equipment, coal, power generation and transmission, and renewable/alternative energy. Quantum's target investment size is $100 to $400 million. Quantum invests in start-ups as well as established companies needing expansion capital. Quantum Energy Partners was formed in 1998 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 53 of 73
Sector (Oil/Gas Exploration) 38 of 48
Type (Buyout (LBO, MBO, MBI)) 45 of 55
State (Texas) 32 of 44
Country (United States) 46 of 65
Year (2014) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-09 Oryx Midstream Services

Midland, Texas, United States

Oryx Midstream Services is a midstream crude operator in the Permian Basin. Oryx Midstream Services owns and operates a crude oil gathering and transportation system underpinned by nearly one million acres under long-term dedications from more than 20 customers. The system's 2.1 million barrels of storage and approximately 1,200 miles of in-service and under-construction pipeline span eight counties in Texas and two in New Mexico. Oryx Midstream Services was founded in 2013 and is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 ExL Petroleum

Midland, Texas, United States

ExL Petroleum is an upstream company focused on the acquisition and development of oil and gas assets across the Permian Basin. ExL Petroleum was formed in 2005 and is based in Midland, Texas.

Buy -
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