M&A Deal Summary

CIC Partners Acquires Pogo Resources

On July 25, 2017, private equity firm CIC Partners acquired oil/gas exploration company Pogo Resources

Acquisition Highlights
  • This is CIC Partners’ 8th transaction in the Oil/Gas Exploration sector.
  • This is CIC Partners’ 36th transaction in the United States.
  • This is CIC Partners’ 21st transaction in Texas.

M&A Deal Summary
Date 2017-07-25
Target Pogo Resources
Sector Oil/Gas Exploration
Buyer(s) CIC Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Pogo Resources

Dallas, Texas, United States
Pogo Resources is an independent oil and gas company that focuses on the acquisition, development, and exploitation of operated and producing oil and natural gas properties in the Permian Basin. Pogo Resources is based in Dallas, TX, and Hobbs, NM.

Search 202,463 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

CIC Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.

DEAL STATS #
Overall 37 of 43
Sector (Oil/Gas Exploration) 8 of 9
Type (Buyout (LBO, MBO, MBI)) 14 of 15
State (Texas) 21 of 25
Country (United States) 36 of 42
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 River Point Farms

Hermiston, Oregon, United States

River Point Farms is a producer, shipper, and processor of onions; including yellow, white, red, sweet and organic onions. River Point Farms was founded in 2007 and is based in Hermiston, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 DynaGrid

Lewisville, Texas, United States

DynaGrid is an independent provider of subgrade and sitework services for electric utility transmission infrastructure. DynaGrid performs essential and technical services required to upgrade, harden and expand transmission infrastructure.

Buy -
Mergr

Product

Company

Legal