M&A Deal Summary

Imperative Acquires FloCap Injection Services

On October 26, 2018, Imperative acquired energy services and equipment company FloCap Injection Services from Hastings Equity Partners

Acquisition Highlights
  • This is Imperative’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Imperative’s 4th transaction in the United States.
  • This is Imperative’s 4th transaction in Texas.

M&A Deal Summary

Date 2018-10-26
Target FloCap Injection Services
Sector Energy Services and Equipment
Buyer(s) Imperative
Sellers(s) Hastings Equity Partners
Deal Type Merger

Target

FloCap Injection Services

Midland, Texas, United States
FloCap Injection Services is a provider of specialty chemicals and capillary tubing services to oil and gas production companies. Through its capillary division, FloCap precisely applies production chemicals in a formation and supports gas lift applications, a growing production optimization methodology.

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Buyer(S) 1

Buyer

Imperative

Midland, Texas, United States

Category Company
Sector Chemicals
DESCRIPTION

Imperative is a provider of specialty chemicals, in-field technical support and laboratory services to exploration and production and pipeline companies in the most active shale plays in the United States. Imperative is largely focused in the Permian Basin with additional locations in the Eagle Ford, Mid-Continent, Barnett, Bakken and Haynesville Shales. Imperative is based in Midland, Texas.


DEAL STATS #
Overall 5 of 8
Sector: Energy Services and Equipment M&A 2 of 3
Type: Merger M&A Deals 2 of 2
State: Texas M&A 4 of 6
Country: United States M&A 4 of 7
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-26 IMPACT! Chemical Technologies

Midland, Texas, United States

IMPACT! Chemical Technologies is a provider of specialty chemicals to oil and gas production and midstream companies across the most active shale plays in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 Refinery Specialties

Hempstead, Texas, United States

Refinery Specialties is an oilfield service company focusing on formulating, blending, selling and providing technical support for the use of process and production treating chemicals for the oil field, including production, pipeline, refinery, and gas plants. Refinery Specialties is based in Hempstead, Texas.

Buy -

Seller(S) 1

DESCRIPTION

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 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 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 15 of 20
Sector: Energy Services and Equipment M&A 4 of 5
Type: Merger M&A Deals 2 of 4
State: Texas M&A 4 of 7
Country: United States M&A 14 of 19
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-26 IMPACT! Chemical Technologies

Midland, Texas, United States

IMPACT! Chemical Technologies is a provider of specialty chemicals to oil and gas production and midstream companies across the most active shale plays in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Refractory Construction Services

Deer Park, Texas, United States

Refractory Construction Services is a provider of refractory, mechanical and industrial coatings services to refineries, petrochemical plants, LNG facilities and export terminals across the Gulf Coast. Refractory Construction Services was formed in 2007 and is based in Deer Park, Texas.

Buy -