EnCap Flatrock Midstream Mergers and Acquisitions Summary

Venture Capital Firm Profile

In the last 3 years, EnCap Flatrock Midstream has invested in 1 company.

EnCap Flatrock Midstream’s most common sectors for investment areoil/gas exploration (66%) and energy services and equipment (35%) . The Firm’s most common investment types include growth capital (52%) and buyout (lbo, mbo, mbi) (45%). In total, EnCap Flatrock Midstream has invested in 3 US states. Its largest (disclosed) acquisition occurred in 2012 when it acquired Caiman Energy II for $800M.

In the last 3 years, EnCap Flatrock Midstream has exited 5 companies. The Firm’s most common exit type is trade sale (60%). EnCap Flatrock Midstream’s largest (disclosed) exit occurred in 2012 when it sold Caiman Energy for $2.5B.

Join Mergr to view EnCap Flatrock Midstream’s full profile and discover more middle-market venture capital firm investors just like it.

M&A Summary

  • M&A Total Activity44
    • M&A Buy Activity29
    • M&A Sell Activity15
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 16
  • M&A Advisors 4

EnCap Flatrock Midstream

1826 North Loop 1604 West, Suite 200,
San Antonio, Texas 78248
United States
(210) 494-6777
www.efmidstream.com
info@efmidstream.com

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.


Investment Criteria

Sectors of Interest: Energy Services and Equipment, Oil/Gas Exploration

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Venture

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 100 200
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 28 - - 1 - - 29
vol $2.5B $2.5B
Sell (1.0/yr) # 10 - 3 - 2 - 15
vol $9.8B $2.9B $12.7B
  44

Most Recent M&A

Company Date Value Type
Lotus Midstream LLC 2023-03-27 1.5B USD Trade Sale
Sugar Land, Texas · www.lotusmidstream.com
Lotus Midstream Operations LLC 2023-03-27 1.5B USD Trade Sale
Sugar Land, Texas · www.lotusmidstream.com
Cardinal Midstream Partners 2022-04-21 - Growth Capital
Dallas, Texas · www.cardinalmp.com
Nuevo Midstream Dos LLC 2021-11-16 - Trade Sale
Houston, Texas · www.nuevomidstream.com
Tall Oak Midstream II LLC 2021-01-27 - Secondary Sale
Edmond, Oklahoma
Tall Oak Midstream III LLC 2021-01-27 - Secondary Sale
Edmond, Oklahoma
Ironwood Midstream Energy Partners II LLC 2019-11-12 400M USD Buyout (LBO, MBO, MBI)
San Antonio, Texas · www.ironwoodmidstream.com
Getka Energy LLC 2019-06-17 - Secondary Sale
Tulsa, Oklahoma · www.getkaenergy.com
Candor Midstream Solutions LLC 2018-08-21 - Growth Capital
Houston, Texas · www.candormidstreamsolutions.com
Getka Energy LLC 2018-03-27 - Growth Capital
Tulsa, Oklahoma · www.getkaenergy.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Ironwood Midstream Energy Partners II LLC 2019-11-12 Nuevo Midstream Dos LLC 2021-11-16 1
San Antonio, Texas · www.ironwoodmidstream.com Houston, Texas · www.nuevomidstream.com

M&A by Sector

Sector Current # Value All-time # Value
Oil/Gas Exploration 2 (22%) - 19 (66%) 1.6B (68%)
Energy Services and Equipment 7 (78%) 650M (100%) 10 (34%) 750M (32%)
Total 9 $650M 29 $2.3B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (100%) 650M (100%) 29 (100%) 2.2B (100%)
  Texas 8 (89%) 650M (100%) 23 (79%) 2.2B (100%)
  Oklahoma - - 4 (14%) -
  Colorado 1 (11%) - 2 (7%) -
Total 9 $650M 29 $2.2B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 5 (56%) - 15 (52%) -
Buyout (LBO, MBO, MBI) 3 (33%) 650M (100%) 13 (45%) 2.2B (100%)
Stake Purchase 1 (11%) - 1 (3%) -
Total 9 $650M 29 $2.2B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 6 (40%) 7.6B (68%)
Secondary Sale 5 (33%) 3.6B (32%)
Trade Sale 4 (27%) -
Total 15 $11.2B

Top M&A Advisors

Legal Deals
Thompson & Knight LLP
16
Shearman & Sterling LLP
3
McGuireWoods LLP
1

Deal Values

buy # Total
$100M to $1B 7 $2.3B
< $100M 2 $200M
TOTAL $2.5B
Largest Caiman Energy II LLC
$800M (2012-07-10)
sell # Total
> $1B 7 $12.1B
$100M to $1B 1 $600M
TOTAL $12.7B
Largest Caiman Energy LLC
$2.5B (2012-04-27)

M&A Connections

Deals
Exited to
Investor(s)
33%
5 (33%)
Strategic(s)
67%
10 (67%)

FAQ

When was EnCap Flatrock Midstream founded?

EnCap Flatrock Midstream was founded in 2008.

What type of investor is EnCap Flatrock Midstream?

EnCap Flatrock Midstream is a venture capital firm.

Where is EnCap Flatrock Midstream headquartered?

EnCap Flatrock Midstream is headquartered in San Antonio, Texas.

How much capital does EnCap Flatrock Midstream have under management?

EnCap Flatrock Midstream has 9.0B USD under management.

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