M&A Deal Summary |
|
|---|---|
| Date | 2006-11-01 |
| Target | Acteon |
| Sector | Energy Services and Equipment |
| Buyer(s) | First Reserve |
| Sellers(s) | Lime Rock Partners |
| Deal Type | Secondary Buyout |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 32.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 38 of 112 |
| Sector: Energy Services and Equipment M&A | 15 of 34 |
| Type: Secondary Buyout M&A Deals | 3 of 11 |
| Country: United Kingdom M&A | 2 of 7 |
| Year: 2006 M&A | 7 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-10-13 |
GenPower
Newton, Massachusetts, United States GenPower is a newly constructed 7 MW supercritical coal-fired power generating facility in West Virginia, and Mepco, a West Virginia-based coal mining operation. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-12-01 |
T-3 Energy Services
Houston, Texas, United States T-3 Energy Services, Inc. (NASDAQ: TTES) was formed in February 2000 by First Reserve and management as an acquisition vehicle to consolidate high-end equipment repair and specialty machining operations focused in the Gulf of Mexico. T-3 operates in three distinct business lines: the repair and refurbishment of production valves and drilling equipment, primarily blow-out preventers (BOPs); flow control equipment manufacturing and repair consisting of wellheads, production chokes, control valves and pressure safety valves; and downstream product manufacturing, distribution and repair, including flow control equipment, high pressure connection equipment and electric motors. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 10.4B USD |
| Size | Mega |
| Type | Sector Focused |
Lime Rock Partners is a private investment firm focused on growth capital investments in the energy industry. Specifically, Lime Rock looks for companies engaged in exploration & production, energy service, and oil service technology in North America and Europe. Lime Rock's target investment size is $50 to $150 million in businesses valued up to $500 million. Lime Rock Partners was formed in 1998 and is affiliated with Lime Rock Resources. Lime Rock Partners has offices in Westport, Connecticut; Aberdeen, Scotland; and Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 62 |
| Sector: Energy Services and Equipment M&A | 5 of 26 |
| Type: Secondary Buyout M&A Deals | 2 of 9 |
| Country: United Kingdom M&A | 1 of 11 |
| Year: 2006 M&A | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-09-01 |
Augustus Energy Partners
Billings, Montana, United States Augustus Energy Partners, LLC is a private exploration and production company based in Billings, Montana that focuses on the acquisition of oil and gas properties in the Rocky Mountain, Mid-Continent and Gulf Coast regions. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-12-14 |
NQL Energy Services
Nisku, Alberta, Canada NQL Energy Services was a provider of downhole tools, services and technology used in oil and gas drilling applications, in particular its BlackMax line of downhole mud motors. |
Sell | - |
