M&A Deal Summary |
|
|---|---|
| Date | 2015-09-03 |
| Target | ShalePro Energy Services |
| Sector | Energy Services and Equipment |
| Buyer(s) | Turning Basin Capital Partners |
| Deal Type | Consolidation |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2013 |
| Size | Small |
| Type | Sector Focused |
Turning Basin Capital Partners is a private equity firm focused on lower middle-market energy companies. Specific areas of interest include service providers and equipment manufacturers focused on oil and gas development, production, and transportation as well as power generation and distribution. Turning Basin seeks to invest $2 to $5 million for controlling stakes in profitable companies with $1 to $5 million of EBITDA. The Firm will consider opportunities throughout North America but has a preference for opportunities in the Southeast and Gulf regions of the US. Turning Basin Capital Partners was formed in 2013 and is based in Richmond, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 5 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Consolidation) | 1 of 1 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 1 of 5 |
| Year (2015) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-19 |
BBB Tank Services
Corpus Christi, Texas, United States BBB Tank Services is a provider of products and services to the above-ground storage tank ("AST") market. The Company's products and services include routine and emergency maintenance and repairs, replacement seals for floating roofs, application of protective coatings, and new tank construction and are provided primarily to owners of storage terminals that hold crude, refined petroleum products, chemicals and other commodities. BBB Tank Services was founded in 2001 and is based in Corpus Christi, Texas. |
Buy | $5M |
