M&A Deal Summary

Greif Acquires Delta Petroleum

On September 22, 2006, Greif acquired energy services and equipment company Delta Petroleum from Riverside

Acquisition Highlights
  • This is Greif’s 1st transaction in the Energy Services and Equipment sector.
  • This is Greif’s 1st transaction in the United States.
  • This is Greif’s 1st transaction in Louisiana.
Investment Fate
  • Delta Petroleum was divested to a consortium of strategic buyers in 2024.

M&A Deal Summary

Date 2006-09-22
Target Delta Petroleum
Sector Energy Services and Equipment
Buyer(s) Greif
Sellers(s) Riverside
Deal Type Add-on Acquisition

Target

Delta Petroleum

Saint Rose, Louisiana, United States
Delta Petroleum blends lubricating oils, lubricant additives, viscosity modifiers, aircraft deicer fluids, and other glycol-based products, and drums, packages, stores, and manages logistics for major oil and specialty chemical companies. Delta Petroleum was founded in 1946 and is based in Saint Rose, Louisiana.

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Buyer(S) 1

Buyer

Greif

Delaware, Ohio, United States

Category Company
Founded 1877
Sector Packaging
Employees14,000
Revenue 5.4B USD (2024)
DESCRIPTION
Entrance to Greif's corporate headquarters in Delaware, Ohio.
Entrance to Greif's corporate headquarters in Delaware, Ohio.

Greif is a global producer of industrial packaging products and services. Greif offers a comprehensive line of rigid industrial packaging products, such as steel, fibre and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and reconditioned containers, and services, such as container life cycle services, blending, filling and other packaging services, logistics and warehousing. Greif was founded in 1877 and is based in Delaware, Ohio.


DEAL STATS #
Overall 1 of 11
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 9
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2006 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Blagden Packaging Group NV

Roe, Belgium

Blagden Packaging Group NV is a European supplier of large steel drums. The business has new drum manufacturing plants in the UK, Belgium, Netherlands and Spain and drum reconditioning plants located in Belgium, Germany, Austria, The Netherlands and the UK.

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Seller(S) 1

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 18 of 209
Sector: Energy Services and Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 10 of 87
State: Louisiana M&A 1 of 2
Country: United States M&A 14 of 147
Year: 2006 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 Crisis Prevention Institute

Milwaukee, Wisconsin, United States

Crisis Prevention Institute is a training organization specializing in the safe management of disruptive and assaultive behavior. CPI's training reduces the frequency and impact of incidents resulting from aggressive behavior in the workplace, improve professionals' confidence levels, help customers comply with regulatory requirements, and create a safer environment for all involved. Crisis Prevention Institute was founded in 1980 and is based in Milwaukee, Wisconsin.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Agens Holding BV

Zwolle, Netherlands

Agens provides welfare-to-work for the unemployed and disabled, outplacement and replacement services, and temporary and subsidized work and vocational training. Its international client base includes national and regional governments, municipalities and businesses.

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