M&A Deal Summary

EMCOR Acquires Ardent Services

On March 21, 2016, EMCOR acquired energy services and equipment company Ardent Services from Cadent Energy Partners for 205M USD

Acquisition Highlights
  • This is EMCOR’s 2nd transaction in the Energy Services and Equipment sector.
  • This is EMCOR’s 4th largest (disclosed) transaction.
  • This is EMCOR’s 11th transaction in the United States.
  • This is EMCOR’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2016-03-21
Target Ardent Services
Sector Energy Services and Equipment
Buyer(s) EMCOR
Sellers(s) Cadent Energy Partners
Deal Type Add-on Acquisition
Deal Value 205M USD
Advisor(s) Harris Williams & Co. (Financial)

Target

Ardent Services

Covington, Louisiana, United States
website
Ardent Services LLC is a provider of electrical and instrumentation services to hydrocarbon processing plants, offshore oil and gas production platforms, offshore drilling rigs, midstream natural gas infrastructure and industrial process plants.

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Buyer(S) 1

Buyer

EMCOR

Norwalk, Connecticut, United States

website

Category Company
Founded 1987
Sector Engineering
Employees35,500
Revenue 11.1B USD (2022)
DESCRIPTION
EMCOR's corporate headquarters in Norwalk, Connecticut.
EMCOR's corporate headquarters in Norwalk, Connecticut.

EMCOR provides mechanical and electrical construction, industrial and energy infrastructure, and facilities services. EMCOR was founded in 1987 and is based in Norwalk, Connecticut.

DEAL STATS #
Overall 11 of 17
Sector (Energy Services and Equipment) 2 of 3
Type (Add-on Acquisition) 9 of 15
State (Louisiana) 1 of 1
Country (United States) 11 of 17
Year (2016) 2 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-21 Rabalais Constructors

United States

Rabalais Constructors LLC is a refinery electrical and instrumentation services provider to energy industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Newcomb

Raleigh, North Carolina, United States

Newcomb and Co. is a full service HVAC commercial and industrial mechanical contractor.

Buy -

Seller(S) 1

SELLER

Cadent Energy Partners

website

Category Private Equity Firm
Founded 2003
Size Large
Type Sector Focused
DESCRIPTION

Cadent Energy Partners is a private equity firm that invests in small to medium-sized North American companies in the energy industry. Specific areas of interest include exploration and production; drilling and completion; non-conventional hydrocarbon developments; oilfield services and equipment; oil and gas transportation; refining equipment and services; petroleum products distribution and storage; power equipment and services; and renewable energy. Cadent generally invests between $25 and $75 million per transaction in businesses generating revenues of $10 to $100 million. In addition to providing expansion capital, Cadent also finances private mergers or acquisitions, corporate divestitures or spinouts, and restructuring situations. Cadent Energy was formed in 2003 and is based in Rye Brook, New York.

DEAL STATS #
Overall 6 of 7
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 4 of 5
State (Louisiana) 1 of 1
Country (United States) 5 of 6
Year (2016) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 SustainX

Seabrook, New Hampshire, United States

SustainX, Inc. is an electrical energy storage technology development company. SustainX was founded in 2007 and is based in Seabrook, New Hampshire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Torqued-Up Energy Services

Tyler, Texas, United States

Torqued-Up Energy Services, Inc. is a provider of coiled tubing and pressure pumping services in Texas, Oklahoma, and Louisiana.

Sell -
Mergr

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