M&A Deal Summary

The Carlyle Group and Riverstone Holdings Acquire Stallion Oilfield Services

On February 2, 2005, private equity firms The Carlyle Group and Riverstone Holdings acquired energy services and equipment company Stallion Oilfield Services

Acquisition Highlights
  • This is The Carlyle Group’s 6th and Riverstone Holdings’ 6th transaction in the Energy Services and Equipment sector.
  • This is The Carlyle Group’s 105th and Riverstone Holdings’ 14th transaction in the United States.
  • This is The Carlyle Group’s 16th and Riverstone Holdings’ 9th transaction in Texas.
Investment Fate
  • Stallion Oilfield Services went bankrupt in 2009.
  • Stallion Oilfield Services was sold to a consortium of financial buyers in 2010.

M&A Deal Summary

Date 2005-02-02
Target Stallion Oilfield Services
Sector Energy Services and Equipment
Buyer(s) The Carlyle Group
Riverstone Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Stallion Oilfield Services

Houston, Texas, United States
website
Stallion Oilfield Services provides drill site products and services including accommodation units, surface equipment, and solids control services for oil and natural gas exploration companies in the Gulf Coast, South Texas, ArkLaTex, Fort Worth Basin, Permian Basin, and Rocky Mountain regions. Stallion Oilfield Services was founded in 2002 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 181 of 695
Sector (Energy Services and Equipment) 6 of 25
Type (Buyout (LBO, MBO, MBI)) 85 of 202
State (Texas) 16 of 51
Country (United States) 105 of 336
Year (2005) 4 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 WSI International

Baltimore, Maryland, United States

WSI International (Formerly Wall Street Institute, Inc.) is a global operator and franchisor of English language instruction services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-14 SMaL Camera Technologies

Cambridge, Massachusetts, United States

SMaL Camera Technologies, Inc. designer and manufacturer of sensors and controls for global leaders in the automotive, appliance, aircraft, industrial and HVAC markets.

Sell $43M
Buyer

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 14 of 106
Sector (Energy Services and Equipment) 6 of 27
Type (Buyout (LBO, MBO, MBI)) 9 of 52
State (Texas) 9 of 47
Country (United States) 14 of 78
Year (2005) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Kramer Junction

Boron, California, United States

Kramer Junction is comprised of five 30-megawatt solar-thermal projects that produce renewable energy under long-term contracts with Southern California Edison. The projects are managed and co-owned by FPL, the industry's leading renewable operator.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-15 Seabulk International

Ft. Lauderdale, Florida, United States

Seabulk International, Inc. is a provider of marine support and transportation services. Seabulk is principally engaged in three main businesses: offshore energy support, marine transportation and towing.

Sell $532M