M&A Deal Summary

Haddington Ventures Acquires IACX Energy

On December 1, 2006, private equity firm Haddington Ventures acquired oil/gas exploration company IACX Energy

Acquisition Highlights
  • This is Haddington Ventures’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Haddington Ventures’ 10th transaction in the United States.
  • This is Haddington Ventures’ 6th transaction in Texas.

M&A Deal Summary
Date 2006-12-01
Target IACX Energy
Sector Oil/Gas Exploration
Buyer(s) Haddington Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

IACX Energy

Dallas, Texas, United States
website
IACX Energy constructs and operates a standardized fleet of proprietary gas treating assets that remove nitrogen from natural gas at or near the wellhead. IACX also captures and purifies helium from natural gas (where present), a very valuable by-product that sells for over 100X the price of natural gas. IACX Energy was founded in 2006 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Haddington Ventures

Houston, Texas, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 550M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Haddington Ventures is a specialist private equity firm focused on investments in the midstream energy sector. Specific areas of interest within midstream include gathering and separation; processing treating and separation; storage; and pipelines. Haddington targets control investments that require equity investments of $20 to $70 million with an enterprise value of up to $250 million. Haddington Ventures was formed in 1998 and is based in Houston, Texas.

DEAL STATS #
Overall 10 of 17
Sector (Oil/Gas Exploration) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 9 of 12
State (Texas) 6 of 9
Country (United States) 10 of 16
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Port Barre Investments

Houston, Texas, United States

Port Barre Investments LLC is a provider of firm and interruptible gas storage services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Tristream Energy

Houston, Texas, United States

Tristream Energy is a midstream operating company that provides gas gathering and processing services to producers from our facilities in East Texas.

Buy -
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