Natural Gas Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Natural Gas Partners has acquired 3 companies. It has also invested in 7 others.

Natural Gas Partners’ most common sectors for investment areoil/gas exploration (66%) and energy services and equipment (21%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (42%) and growth capital (38%). 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 Activity71
    • M&A Buy Activity58
    • M&A Sell Activity13
  • Total Sectors Invested 8
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 23
  • M&A Advisors 8

Natural Gas Partners

2850 N Harwood Street 19th Floor,
Dallas, Texas 75201
United States
(972) 432-1440
www.naturalgaspartners.com
inquiries@ngptrs.com

Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.


Investment Criteria

Sectors of Interest: Energy Services and Equipment, Oil/Gas Exploration

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Canada, Western Europe, Eastern Europe

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

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (2.4/yr) # 46 2 - 3 7 - 58
vol $7.7B $7.7B
Sell (0.2/yr) # 12 - - - 1 - 13
vol $2.6B $2.6B
  71

Most Recent M&A

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 - Add-on Acquisition
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 >>

M&A by Sector

Sector Current # Value All-time # Value
Oil/Gas Exploration 18 (67%) - 38 (66%) 7.7B (100%)
Energy Services and Equipment 2 (7%) - 12 (21%) -
Internet Software and Services 2 (7%) - 2 (3%) -
Renewable Energy 1 (4%) - 2 (3%) -
Information Technology 1 (4%) - 1 (2%) -
Manufacturing 1 (4%) - 1 (2%) -
Metals/Mining 1 (4%) - 1 (2%) -
Software 1 (4%) - 1 (2%) -
Total 27 - 58 $7.7B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 25 (93%) - 50 (86%) 7.2B (94%)
  Texas 11 (41%) - 28 (48%) -
  Colorado 6 (22%) - 9 (16%) -
  California 2 (7%) - 3 (5%) -
  Oklahoma 1 (4%) - 3 (5%) 7.2B (94%)
  Massachusetts 2 (7%) - 2 (3%) -
  West Virginia 1 (4%) - 1 (2%) -
  Washington 1 (4%) - 1 (2%) -
  Arizona 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%) - 50 (86%) 7.2B (94%)
Cross-border 2 (7%) - 8 (14%) 454M (6%)
Total 27 - 58 $7.7B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 6 (22%) - 24 (41%) 7.7B (100%)
Growth Capital 11 (41%) - 22 (38%) -
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 - 58 $7.7B

Exits by Deal Type

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

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Bank of America Merrill Lynch (BofA Securities)
1
Credit Suisse Investment Banking
1
Legal Deals
Thompson & Knight LLP
1
Simpson Thacher & Bartlett LLP
1

Deal Values

buy # Total
> $1B 1 $7.2B
$100M to $1B 2 $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)

M&A Connections

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

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