Hastings Equity Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Hastings Equity Partners has acquired 1 company. It has also invested in 2 others.

Hastings Equity Partners’ most common sectors for investment are energy services and equipment (45%) and chemicals (12%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (45%) and growth capital (34%). In total, Hastings Equity Partners has invested in 9 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2012 when it acquired Wright Trucking for $11M.

In the last 3 years, Hastings Equity Partners has exited 3 companies. The Firm’s most common exit type is secondary buyout (40%). Hastings Equity Partners’ largest (disclosed) exit occurred in 2013 when it sold CP Energy Services for $105M.

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M&A Summary

  • M&A Total Activity42
    • M&A Buy Activity27
    • M&A Sell Activity15
  • Total Sectors Invested 12
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 9
  • M&A Advisors 4

Hastings Equity Partners LLC

1221 McKinney Street, Suite 3650,
Houston, Texas 77010
United States
(281) 407-4845
www.hastingsequity.com
tpatton@hastingsquity.com

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the energy services sector. Hastings looks to invest up to $8 million of equity in North American companies with trailing EBITDA of $4 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2002 and is based in Houston, Texas.


Investment Criteria

Sectors of Interest: Chemicals, Energy Services and Equipment, Manufacturing

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 4 20
Investment Size - 8
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.4/yr) # 20 2 3 1 1 - 27
vol $11M $11M
Sell (1.0/yr) # 10 2 - - 1 2 15
vol $150M $150M
  42

Most Recent M&A

Company Date Value Type
A&L Industrial Services, Inc. 2020-06-05 - Merger
La Porte, Texas · www.anlindustrial.com
Specialty Welding and Turnarounds LLC 2020-01-31 - Secondary Buyout
Gonzales, Louisiana · www.swatservice.com
COYOTE Industrial Holdings 2019-07-31 - Buyout (LBO, MBO, MBI)
Houston, Texas
Cactus Fuels LLC 2019-04-03 - Add-on Acquisition
Midland, Texas · www.cactusfuels.com
A&L Industrial Services, Inc. 2018-12-28 - Growth Capital
La Porte, Texas · www.anlindustrial.com
Reach Wireline LLC 2017-08-16 - Growth Capital
Fort Worth, Texas · www.reachwireline.com
Specialty Welding and Turnarounds LLC 2017-04-19 - Growth Capital
Gonzales, Louisiana · www.swatservice.com
FloCap Injection Services LLC 2017-04-18 - Growth Capital
Midland, Texas
IMPACT! Chemical Technologies, Inc. 2016-12-01 - Buyout (LBO, MBO, MBI)
Midland, Texas · www.impactchem.com
Southern Petroleum Laboratories, Inc. (SPL, Inc.) 2016-09-30 - Secondary Buyout
Houston, Texas · www.spl-inc.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment 7 (50%) - 12 (44%) -
Chemicals 2 (14%) - 3 (11%) -
Transportation 1 (7%) 11M (100%) 2 (7%) 11M (100%)
Manufacturing 1 (7%) - 2 (7%) -
Aerospace - - 1 (4%) -
Construction - - 1 (4%) -
Distribution - - 1 (4%) -
Electrical Equipment 1 (7%) - 1 (4%) -
Electronics - - 1 (4%) -
Machinery - - 1 (4%) -
Marine 1 (7%) - 1 (4%) -
Safety/Security 1 (7%) - 1 (4%) -
Total 14 $11M 27 $11M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 12 (86%) 11M (100%) 25 (93%) 11M (100%)
  Texas 6 (43%) 11M (100%) 10 (37%) 11M (100%)
  Massachusetts 3 (21%) - 4 (15%) -
  Oklahoma 1 (7%) - 4 (15%) -
  Louisiana 1 (7%) - 2 (7%) -
  Arkansas 1 (7%) - 1 (4%) -
  West Virginia - - 1 (4%) -
  Rhode Island - - 1 (4%) -
  Ohio - - 1 (4%) -
  California - - 1 (4%) -
United Kingdom 1 (7%) - 1 (4%) -
Canada 1 (7%) - 1 (4%) -
  Newfoundland 1 (7%) - 1 (4%) -
Total 14 $11M 27 $11M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 7 (50%) 11M (100%) 12 (44%) 11M (100%)
Growth Capital 4 (29%) - 9 (33%) -
Recapitalization 2 (14%) - 4 (15%) -
Secondary Buyout 1 (7%) - 1 (4%) -
Stake Purchase - - 1 (4%) -
Total 14 $11M 27 $11M

Exits by Deal Type

Type Total # Value
Secondary Sale 7 (47%) 105M (70%)
Trade Sale - Public Company 3 (20%) 45M (30%)
Trade Sale 2 (13%) -
Bankruptcy 1 (7%) -
Merger 1 (7%) -
Sold to Management 1 (7%) -
Total 15 $150M

Top M&A Advisors

Financial Deals
Riveron Consulting LLC
 2
Quarton Partners LLC
 1
Harris Williams & Co.
 1
Legal Deals
Locke Lord LLP
 9

Deal Values

buy # Total
< $100M 1 $11M
TOTAL $11M
Largest Wright Trucking, Inc.
$11M (2012-05-01)
sell # Total
$100M to $1B 1 $105M
< $100M 2 $45M
TOTAL $150M
Largest CP Energy Services, Inc.
$105M (2013-08-05)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
1 100%
Exited to
PE Firm(s)
50%
6 50%
Strategic(s)
50%
6 50%

Investor Summary

Size

Small

Established

2002

Specialist/Generalist

Specialist

Leadership

Edward (Ted) Patton

Founder & Managing Director

Joe Conlon

Managing Director

Tanner Moran

Managing Director

Katrina Starr-Frederick

CFO & CCO

Marco Rodriguez

Director

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