M&A Deal Summary

EnCap Flatrock Midstream Acquires Ironwood Midstream Energy Partners II

On November 12, 2019, venture capital firm EnCap Flatrock Midstream acquired energy services and equipment company Ironwood Midstream Energy Partners II for 400M USD

Acquisition Highlights
  • This is EnCap Flatrock Midstream’s 10th transaction in the Energy Services and Equipment sector.
  • This is EnCap Flatrock Midstream’s 2nd largest (disclosed) transaction.
  • This is EnCap Flatrock Midstream’s 28th transaction in the United States.
  • This is EnCap Flatrock Midstream’s 22nd transaction in Texas.

M&A Deal Summary

Date 2019-11-12
Target Ironwood Midstream Energy Partners II
Sector Energy Services and Equipment
Buyer(s) EnCap Flatrock Midstream
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 400M USD
Advisor(s) Gibson, Dunn & Crutcher (Legal)

Target

Ironwood Midstream Energy Partners II

San Antonio, Texas, United States
Ironwood Midstream Energy Partners II is an independent energy company that provides a full suite of midstream services to oil and gas producers across North America. Ironwood Midstream Energy Partners II was formed in 2019 and is based in San Antonio, Texas.

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Buyer(S) 1

Buyer

EnCap Flatrock Midstream

San Antonio, Texas, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2008
PE ASSETS 9.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

EnCap Flatrock Midstream is a private investment firm focused on venture related opportunities in the midstream energy sector. EnCap Flatrock seeks majority positions in natural gas gathering, treating, processing and storage; crude oil gathering and transportation; and natural gas liquids fractionation, storage and transportation. EnCap Flatrock Midstream is affiliated with investment firm EnCap Investments, a large diversified energy investment firm. EnCap Flatrock is based in San Antonio, Texas.


DEAL STATS #
Overall 28 of 29
Sector: Energy Services and Equipment M&A 10 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 13
State: Texas M&A 22 of 23
Country: United States M&A 28 of 29
Year: 2019 M&A 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Getka Energy

Tulsa, Oklahoma, United States

Getka Energy is a crude oil logistics provider focused on storage, blending, and terminal solutions, as well as pipeline transportation and market optionality for producers across North America and domestic and international marketers. Getka Energy is based in Tulsa, Oklahoma.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 Tall Oak Midstream II

Edmond, Oklahoma, United States

Tall Oak Midstream II is a full-suite midstream provider serving customers in the Mid-Continent. Tall Oak II was established to pursue greenfield and acquisition opportunities in oil and gas plays across North America and currently consists of over 750 miles of low and high-pressure gathering lines across eight Oklahoma counties in the STACK Extension. Tall Oak Midstream II is based in Edmond, Oklahoma.

Sell -