Buyout (LBO, MBO, MBI) • Energy Services and Equipment

HKW Acquires Total Equipment And Service

On January 1, 2007, private equity firm HKW acquired energy services and equipment company Total Equipment And Service

Acquisition Context
  • This is HKW’s 1st transaction in the Energy Services and Equipment sector.
  • This is HKW’s 11th transaction in the United States.
  • This is HKW’s 1st transaction in Texas.
Investment Fate
  • Total Equipment And Service was sold to a publicly-traded strategic buyer in 2011.
  • Total Equipment And Service was divested to a consortium of strategic buyers in 2017.

Explore All 658 Buyout (LBO, MBO, MBI) Energy Services and Equipment Deals - Search the Database Free


M&A Deal Summary

Date January 1, 2007
Target Total Equipment And Service
Sector Energy Services and Equipment
Buyer(s) HKW
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Total Equipment And Service

Granbury, Texas, United States
Total E&S, Inc. (dba Total Equipment And Service) is a manufacturer and designer of proprietary equipment used by oil and national gas well servicing companies, including coiled tubing and pressure pumping trucks.
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Buyer Overview 1

Buyer

HKW

Indianapolis, Indiana, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1903
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $5 to $75 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.


Deal Context for Buyer #
Overall 11 of 56
Sector: Energy Services and Equipment 1 of 2
Type: Buyout (LBO, MBO, MBI) 9 of 29
State: Texas 1 of 7
Country: United States 11 of 46
Year: 2007 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-13 Duncan Systems

Elkhart, Indiana, United States

Duncan Systems is a distributor of replacement motorhome windshields; RV, heavy truck and specialty vehicle glass and windows.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-28 Effox

Cincinnati, Ohio, United States

Effox, Inc. (“Effox”) is a manufacturer of dampers and non-metallic expansion joints used to control the flow of flue gases created by coal fired generating plants of electric utilities. The company serves a global market.

Sell -