Natural Gas Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Natural Gas Partners has acquired 2 companies. It has also invested in 5 others.

Natural Gas Partners’ most common sectors for investment areoil/gas exploration (65%) and energy services and equipment (21%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (41%) and growth capital (39%). In total, Natural Gas Partners has invested in 10 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2011 when it acquired Samson Investment for $7.2B.

In the last 3 years, Natural Gas Partners has exited 1 company. The Firm’s most common exit type is ipo (47%). Natural Gas Partners’ largest (disclosed) exit occurred in 2013 when it sold TEAK Midstream for $1.0B.

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M&A Summary

M&A Total Activity72
- M&A Buy Activity59
- M&A Sell Activity13
Total Sectors Invested 8
Total Countries Invested 4
M&A Buy/Sell Connections 21
M&A Advisors 9

Natural Gas Partners

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	-	-
Investment Size	20	100
Enterprise Value	-	-
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

100

Enterprise Value

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (2.0/yr)	#	49	3	7	-	-	-	59
vol	$7.7B						$7.7B
Sell (0.2/yr)	#	12	-	1	-	-	-	13
vol	$2.6B						$2.6B
	72

Year

≤ '19

'20

'21

'22

'23

'24

Buy (2.0/yr)

vol

$7.7B

Sell (0.2/yr)

vol

$2.6B

Company	Date	Value	Type
Caltex Resources Ltd.	2021-11-30	-	Add-on Acquisition
Calgary, Alberta · www.caltexresources.com
Via Separations	2021-10-21	-	Venture
Watertown, Massachusetts · www.viaseparations.com
LevelTen Energy	2021-08-25	-	Venture
Seattle, Washington · www.leveltenenergy.com
Luxe Energy LLC	2021-06-02	-	Trade Sale
Austin, Texas · www.luxeenergy.com
Mesa Minerals Partners II LLC	2021-05-26	-	Buyout (LBO, MBO, MBI)
Houston, Texas · www.mesamineralsllc.com
Orennia, Inc.	2021-05-18	-	Venture
Calgary, Alberta · www.orennia.com
Persefoni	2021-04-15	-	Venture
Tempe, Arizona · www.persefoni.com
ChargePoint Holdings, Inc.	2021-02-26	-	PIPE
Campbell, California · www.chargepoint.com
Form Energy	2020-11-30	-	Venture
Somerville, Massachusetts · www.formenergy.com
Voltus, Inc.	2020-10-30	-	Venture
San Francisco, California · www.voltus.co
View All >>

Company

Date

Value

Type

Caltex Resources Ltd.

2021-11-30

Add-on Acquisition

Calgary, Alberta · www.caltexresources.com

Via Separations

2021-10-21

Venture

Watertown, Massachusetts · www.viaseparations.com

LevelTen Energy

2021-08-25

Venture

Seattle, Washington · www.leveltenenergy.com

Luxe Energy LLC

2021-06-02

Trade Sale

Austin, Texas · www.luxeenergy.com

Mesa Minerals Partners II LLC

2021-05-26

Buyout (LBO, MBO, MBI)

Houston, Texas · www.mesamineralsllc.com

Orennia, Inc.

2021-05-18

Venture

Calgary, Alberta · www.orennia.com

Persefoni

2021-04-15

Venture

Tempe, Arizona · www.persefoni.com

ChargePoint Holdings, Inc.

2021-02-26

PIPE

Campbell, California · www.chargepoint.com

Form Energy

2020-11-30

Venture

Somerville, Massachusetts · www.formenergy.com

Voltus, Inc.

2020-10-30

Venture

San Francisco, California · www.voltus.co

View All >>

Sector	Current #	Value	All-time #	Value
Oil/Gas Exploration	18 (67%)	-	38 (64%)	7.7B (100%)
Energy Services and Equipment	2 (7%)	-	12 (20%)	-
Internet Software and Services	2 (7%)	-	2 (3%)	-
Metals/Mining	1 (4%)	-	2 (3%)	-
Renewable Energy	1 (4%)	-	2 (3%)	-
Information Technology	1 (4%)	-	1 (2%)	-
Manufacturing	1 (4%)	-	1 (2%)	-
Software	1 (4%)	-	1 (2%)	-
Total	27	-	59	$7.7B

Sector

Current #

Value

All-time #

Value

Oil/Gas Exploration

18 (67%)

38 (64%)

7.7B (100%)

Energy Services and Equipment

2 (7%)

12 (20%)

Internet Software and Services

2 (7%)

2 (3%)

Metals/Mining

1 (4%)

2 (3%)

Renewable Energy

1 (4%)

2 (3%)

Information Technology

1 (4%)

1 (2%)

Manufacturing

1 (4%)

1 (2%)

Software

1 (4%)

1 (2%)

Total

$7.7B

State/Country	Current #	Value	All-time #	Value
United States	25 (93%)	-	51 (86%)	7.2B (94%)
	Texas	11 (41%)	-	29 (49%)	-
	Colorado	6 (22%)	-	9 (15%)	-
	California	2 (7%)	-	3 (5%)	-
	Oklahoma	1 (4%)	-	3 (5%)	7.2B (94%)
	Massachusetts	2 (7%)	-	2 (3%)	-
	Arizona	1 (4%)	-	1 (2%)	-
	West Virginia	1 (4%)	-	1 (2%)	-
	Washington	1 (4%)	-	1 (2%)	-
	Pennsylvania	-	-	1 (2%)	-
Canada	2 (7%)	-	6 (10%)	300M (4%)
	Alberta	2 (7%)	-	6 (10%)	300M (4%)
United Kingdom	-	-	1 (2%)	154M (2%)
Bermuda	-	-	1 (2%)	-
Domestic	25 (93%)	-	51 (86%)	7.2B (94%)
Cross-border	2 (7%)	-	8 (14%)	454M (6%)
Total	27	-	59	$7.7B

State/Country

Current #

Value

All-time #

Value

United States

25 (93%)

51 (86%)

7.2B (94%)

Texas

11 (41%)

29 (49%)

Colorado

6 (22%)

9 (15%)

California

2 (7%)

3 (5%)

Oklahoma

1 (4%)

3 (5%)

7.2B (94%)

Massachusetts

2 (7%)

2 (3%)

Arizona

1 (4%)

1 (2%)

West Virginia

1 (4%)

1 (2%)

Washington

1 (4%)

1 (2%)

Pennsylvania

1 (2%)

Canada

2 (7%)

6 (10%)

300M (4%)

Alberta

2 (7%)

6 (10%)

300M (4%)

United Kingdom

1 (2%)

154M (2%)

Bermuda

1 (2%)

Domestic

25 (93%)

51 (86%)

7.2B (94%)

Cross-border

2 (7%)

8 (14%)

454M (6%)

Total

$7.7B

Type	Current #	Value	All-time #	Value
Buyout (LBO, MBO, MBI)	6 (22%)	-	24 (41%)	7.7B (100%)
Growth Capital	11 (41%)	-	23 (39%)	-
Venture	6 (22%)	-	6 (10%)	-
PIPE	1 (4%)	-	2 (3%)	-
Add-on Acquisition	1 (4%)	-	1 (2%)	-
Consolidation	-	-	1 (2%)	-
Joint Venture	1 (4%)	-	1 (2%)	-
Secondary Buyout	1 (4%)	-	1 (2%)	-
Total	27	-	59	$7.7B

Type

Current #

Value

All-time #

Value

Buyout (LBO, MBO, MBI)

6 (22%)

24 (41%)

7.7B (100%)

Growth Capital

11 (41%)

23 (39%)

Venture

6 (22%)

6 (10%)

PIPE

1 (4%)

2 (3%)

Add-on Acquisition

1 (4%)

1 (2%)

Consolidation

1 (2%)

Joint Venture

1 (4%)

1 (2%)

Secondary Buyout

1 (4%)

1 (2%)

Total

$7.7B

Type	Total #	Value
IPO	6 (46%)	-
Trade Sale - Public Company	3 (23%)	1.9B (75%)
Merger	1 (8%)	649M (25%)
Bankruptcy	1 (8%)	-
Secondary Sale	1 (8%)	-
Trade Sale	1 (8%)	-
Total	13	$2.6B

Type

Total #

Value

IPO

6 (46%)

Trade Sale - Public Company

3 (23%)

1.9B (75%)

Merger

1 (8%)

649M (25%)

Bankruptcy

1 (8%)

Secondary Sale

1 (8%)

Trade Sale

1 (8%)

Total

$2.6B

Financial	Deals
Tudor, Pickering, Holt & Co., LLC	1
Barclays Investment Bank	1
RBC Capital Markets	1

Financial

Deals

Tudor, Pickering, Holt & Co., LLC

Barclays Investment Bank

RBC Capital Markets

Legal	Deals
Simpson Thacher & Bartlett	1
Thompson & Knight LLP	1

Legal

Deals

Simpson Thacher & Bartlett

Thompson & Knight LLP

buy	#	Total
> $1B	1	$7.2B
$100M to $1B	2	$454M
TOTAL	$7.7B
Largest	Samson Investment Co. $7.2B (2011-11-23)

buy

Total

> $1B

$7.2B

$100M to $1B

$454M

TOTAL

$7.7B

Largest

Samson Investment Co.
$7.2B (2011-11-23)

sell	#	Total
> $1B	1	$1.0B
$100M to $1B	3	$1.6B
TOTAL	$2.6B
Largest	TEAK Midstream LLC $1.0B (2013-04-22)

sell

Total

> $1B

$1.0B

$100M to $1B

$1.6B

TOTAL

$2.6B

Largest

TEAK Midstream LLC
$1.0B (2013-04-22)

		Deals
Acquired from
Investor(s)	5%	3 (5%)
Exited to
Strategic(s)	31%	4 (31%)

Deals

Acquired from

Investor(s)

3 (5%)

Exited to

Strategic(s)

4 (31%)

FAQ

When was Natural Gas Partners founded?

Natural Gas Partners was founded in 1988.

What type of investor is Natural Gas Partners?

Natural Gas Partners is a private equity firm.

Where is Natural Gas Partners headquartered?

Natural Gas Partners is headquartered in Dallas, Texas.

How much capital does Natural Gas Partners have under management?

Natural Gas Partners has 20.0B USD under management.

Natural Gas Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary