M&A Deal Summary

Metalmark Capital and NCA Partners Acquires PTW Energy Services

On April 16, 2014, private equity firms Metalmark Capital and NCA Partners, Inc. acquired energy services and equipment company PTW Energy Services Ltd.

Acquisition Highlights
  • This is Metalmark Capital’s 3rd and NCA Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Metalmark Capital’s 1st and NCA Partners’ 2nd transaction in Canada.
  • This is Metalmark Capital’s 1st and NCA Partners’ 2nd transaction in Alberta.

M&A Deal Summary

Date 2014-04-16
Target PTW Energy Services Ltd.
Sector Energy Services and Equipment
Buyer(s) Metalmark Capital
NCA Partners, Inc.
Deal Type Buyout (LBO, MBO, MBI)

Target

PTW Energy Services Ltd.

Calgary, Alberta, Canada
website
PTW Energy Services Ltd. is an energy services company providing electrical and instrumentation, and building fabrication services to the energy, engineering, and construction clients operating across growing markets in Canada, the United States, Southeast Asia, and the Middle East. PTW Energy Services was founded in 2014 and is based in Calgary, Alberta.

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Buyer(S) 2

Buyer

Metalmark Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 2004
PE ASSETS 7.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Metalmark Capital is an independent private equity group focused on large company transactions in a wide range of industries. Metalmark is a hands-on investment firm looking to build long-term value in its portfolio companies. Broad areas of interest include natural resources/energy, healthcare services, industrials, food, transportation, and financial services. Metalmark was established in 2004 by the former principals of Morgan Stanley Capital Partners to manage the Metalmark Capital and Morgan Stanley Capital Partners funds. Metalmark is based in New York City.


DEAL STATS #
Overall 50 of 59
Sector (Energy Services and Equipment) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 23 of 24
State (Alberta) 1 of 1
Country (Canada) 1 of 2
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Homesite Group, Inc.

Boston, Massachusetts, United States

Homesite Group, Inc. is a provider of auto, homeowners, life, business and farm/ranch insurance across 19 states.

Sell $660M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-21 Healogics, Inc.

Jacksonville, Florida, United States

Healogics is a provider of advanced wound care services. Healogics and its affiliated companies manage nearly 600 Wound Care Centers® through a connected network of centers, partner hospitals, academic medical centers, patients, and families. Leveraging its scale and experience, Healogics utilizes an evidence-based systematic approach to chronic wound healing in treating an underserved and growing patient population. Healogics was founded in 1996 and is based in Jacksonville, Florida.

Sell $910M
Buyer

NCA Partners, Inc.

Seattle, Washington, United States

Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 200M USD
SizeSmall
Type Sector Agnostic
DESCRIPTION

NCA Partners, Inc. is an investor in small and mid-sized companies operating in the Northwest US. The Firm invests in companies with $10 to $100 million in revenues and valued up to $250 million. Areas of interest include business services, consumer products/services, financial services, manufacturing, nature technology, media and transportation. NCA will consider a variety of transaction situations, including, buyouts, consolidations, turnarounds, recapitalizations and growth capital financings. NCA Partners, Inc. formerly known as Northwest Capital Appreciation, Inc. was formed in 1992 and is based in Seattle, Washington.


DEAL STATS #
Overall 5 of 6
Sector (Energy Services and Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 5
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-05 Frontier Packaging, Inc.

Tukwila, Washington, United States

Frontier Packaging is a provider of packaging materials and related logistics to the Alaskan seafood industry. Frontier Packaging was founded in 1985 and is based in Tukwila, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Coast Crane Co.

Seattle, Washington, United States

Coast Crane Co. is a distributor of cranes and personnel lifts to the construction industry in the western U.S. The company's product offerings include new and used sales and rentals of premier lines of lifting equipment, such as Manitowoc Crane Group, JLG Industries, Elliott Equipment, Auto Crane, and KD Manitou.

Sell $73M