M&A Deal Summary

Maxim Partners and Onex Falcon Acquire Integrity Directional Services

On November 13, 2014, private equity firm Maxim Partners and mezzanine finance firm Onex Falcon acquired energy services and equipment company Integrity Directional Services

Acquisition Highlights
  • This is Maxim Partners’ 2nd and Onex Falcon’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Maxim Partners’ 4th and Onex Falcon’s 45th transaction in the United States.
  • This is Maxim Partners’ 3rd and Onex Falcon’s 9th transaction in Texas.
Investment Fate
  • Integrity Directional Services went bankrupt in 2019.

M&A Deal Summary

Date 2014-11-13
Target Integrity Directional Services
Sector Energy Services and Equipment
Buyer(s) Maxim Partners
Onex Falcon
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) PPHB (Financial)

Target

Integrity Directional Services

Fort Worth, Texas, United States
Integrity Directional Services is a directional drilling company specializing in delivering quality services to some of the top oil and gas companies in the industry. Integrity Directional Services was founded in 2008 and is based in Fort Worth, Texas.

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Buyer(S) 2

Buyer

Maxim Partners

Hinsdale, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
Size Small
Type Sector Agnostic
DESCRIPTION

Maxim Partners LLC is private equity firm focused on opportunities in the education, energy, environmental, and wellness sectors. Maxim will consider opportunities throughout North America and is willing to invest in common stock, preferred stock or subordinated debt. Maxim looks to commit $2 to $20 million in companies with at least $5 million in revenue and $2 million of EBITDA. The Maxim Partners LLC was formed in 1991 and is based in Hinsdale, Illinois.


DEAL STATS #
Overall 6 of 6
Sector (Energy Services and Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Texas) 3 of 3
Country (United States) 4 of 4
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 Laney Drilling

Waller, Texas, United States

Laney Drilling is an independent horizontal directional drilling (HDD) company serving the oil and gas pipeline industry. Company is the only provider of integrated engineering, design and construction services for complex, large-scale HDD projects. Other applications of HDD include communication conduits, water lines, sewer lines and environmental remediation casings. Laney Drilling was founded in 1989 and is based in Waller, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 Integrity Directional Services

Fort Worth, Texas, United States

Integrity Directional Services is a directional drilling company specializing in delivering quality services to some of the top oil and gas companies in the industry. Integrity Directional Services was founded in 2008 and is based in Fort Worth, Texas.

Sell -
Buyer

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 48 of 56
Sector (Energy Services and Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 16 of 16
State (Texas) 9 of 9
Country (United States) 45 of 53
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-22 ODG

North Hamburg, Ontario, Canada

ODG designs and manufactures gears and transmissions. It offers spur/helical, internal, spline, skived, and worms gears, as well as worms and sprockets; and transmissions. ODG was founded in 1962 and is based in North Hamburg, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 TCC Wireless

Bloomingdale, Illinois, United States

TCC Wireless operates wireless retail stores in several cities throughout the Midwest and Northeast United States. TCC Wireless was founded in 2013 and is based in Bloomingdale, Illinois.

Buy -