M&A Deal Summary

GEC, Genesis Park and Cohesive Capital Partners Acquire Estis Compression

On July 16, 2019, private equity firms GEC, Genesis Park and Cohesive Capital Partners acquired energy services and equipment company Estis Compression

Acquisition Highlights
  • This is GEC’s 5th, Genesis Park’s 4th and Cohesive Capital Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is GEC’s 8th, Genesis Park’s 17th and Cohesive Capital Partners’ 18th transaction in the United States.
  • This is GEC’s 7th, Genesis Park’s 14th and Cohesive Capital Partners’ 3rd transaction in Texas.
Investment Fate
  • Estis Compression merged with another company in 2024.

M&A Deal Summary

Date 2019-07-16
Target Estis Compression
Sector Energy Services and Equipment
Buyer(s) GEC
Genesis Park
Cohesive Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Estis Compression

Kilgore, Texas, United States
Estis Compression is a vertically integrated manufacturer and rental provider of compression equipment for use in upstream oil and gas operations. Estis Compression is based in Kilgore, Texas.

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Buyer(S) 3

Buyer

GEC

Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

GEC (Global Energy Capital) is a private equity firm specialized in the acquisition and development of industrial products companies. The Firm is primarily interested in companies that serve the energy industry, with innovative products and that are well-positioned to grow organically, via acquisitions, or through both. GEC was established in 2008 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 9 of 15
Sector: Energy Services and Equipment M&A 5 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 5
State: Texas M&A 7 of 12
Country: United States M&A 8 of 14
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Ringers Technologies

Houston, Texas, United States

Ringers Technologies is a provider of personal protective equipment. Ringers designs and sells high-specification gloves demonstrated to have cost-effectively mitigated hand injuries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-13 Stage Completions

Houston, Texas, United States

Stage Completions is a step-change developer of patented multi-stage completions systems which drive massive cost savings and environmental benefits in completing an unconventional well. Stage Completions was founded in 2016 and is based in Houston, Texas.

Buy -
Buyer

Genesis Park

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Genesis Park is a private equity firm focused on lower middle-market opportunities. Transaction situations of interest include growth capital financings, carveouts, buyouts, special situations, and helping founder/family companies. The Firm has a preference for majority control, but will consider select minority investments. Prospective businesses are generally profitable ($3 million) with $10 million of revenue. Genesis Park was formed in 1999 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 18 of 35
Sector: Energy Services and Equipment M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 13
State: Texas M&A 14 of 22
Country: United States M&A 17 of 34
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Texas Monthly

Austin, Texas, United States

Texas Monthly is one of the most respected publications in the nation and has won 11 National Magazine Awards (and 60 nominations), the industry's equivalent of the Pulitzer Prize.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Freedom Solar

Austin, Texas, United States

Freedom Solar is a full-service solar company installing solar panels and backup power systems for homeowners and businesses. Freedom Solar was founded in 2007 and is based in Austin, Texas.

Buy -
Buyer
DESCRIPTION

Cohesive Capital Partners is private equity co-investment firm. The Firm looks to invest and work alongside deal sponsors in small to mid-sized companies and will consider businesses operating in any sector. Prospective deal situations include buyouts, growth equity financings, and other opportunistic situations. Cohesive Capital Partners was formed in 2010 and is based in New York City.


DEAL STATS #
Overall 19 of 31
Sector: Energy Services and Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 10
State: Texas M&A 3 of 4
Country: United States M&A 18 of 29
Year: 2019 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Foursquare

New York City, New York, United States

Foursquare is a location technology platform, delivering precise insight into how people move throughout the world. Foursquare was founded in 2009 and is based in New York City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 MBS Highway

Holmdel, New Jersey, United States

MBS Highway is a mortgage technology solutions platform provides exclusive market insights and tools that mortgage industry professionals need to build trust and increase conversion with customers and referral partners. MBS Highway was founded in 2012 and is based in Holmdel, New Jersey.

Buy -