M&A Deal Summary |
|
|---|---|
| Date | 2012-06-19 |
| Target | High Sierra Energy |
| Sector | Energy Services and Equipment |
| Buyer(s) | NGL |
| Sellers(s) |
Energy Spectrum Capital
Jefferson Capital Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 693M USD |
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| Category | Company |
|---|---|
| Founded | 1940 |
| Sector | Energy Services and Equipment |
| Employees | 842 |
| Revenue | 7.9B USD (2022) |
NGL operates a vertically integrated energy business with three operating segments: midstream, wholesale supply and marketing, and retail propane. NGL was founded in 1940 and is based in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 10 |
| Sector (Energy Services and Equipment) | 1 of 4 |
| Type (Add-on Acquisition) | 3 of 5 |
| State (Colorado) | 1 of 4 |
| Country (United States) | 3 of 10 |
| Year (2012) | 2 of 2 |
| Size (of disclosed) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-01-03 |
Pacer Propane Redmond
Redmond, Washington, United States Pacer Propane Redmond has been providing propane delivery and service. Its main objective is to provide exceptional customer service, while maintaining consistently competitive pricing. |
Buy | $31M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-11-06 |
Gavilon - Energy Business
Omaha, Nebraska, United States Gavilon’s Energy Business operates integrated crude oil storage, terminal, and pipeline assets located in Oklahoma, Texas, and Louisiana, along with a complementary crude oil and refined products supply, marketing, and logistics business (SM&L). |
Buy | $890M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 4.5B USD |
| Size | Large |
| Type | Sector Focused |
Energy Spectrum Capital is a midstream private equity firm specializing in investment in buyouts and buys and build in middle-market companies. The Firm focused exclusively on the energy industry. ESC looks to make a direct investment in established companies includes oil & gas gathering and transportation systems, processing and treating facilities, storage facilities and other infrastructure facilities. ESC targets growing businesses and seeks to partner with experienced managements teams. The Firm looks to invest $50- $200 million per transaction. Energy Spectrum Capital was formed in 1995 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 33 |
| Sector (Energy Services and Equipment) | 19 of 24 |
| Type (Add-on Acquisition) | 8 of 16 |
| State (Colorado) | 2 of 2 |
| Country (United States) | 23 of 31 |
| Year (2012) | 4 of 5 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-06-01 |
Ceritas I
Houston, Texas, United States Ceritas I was formed in January 2005 with a strategy to acquire and grow natural gas gathering and processing assets. Ceritas I's first acquisition in March 2005 was a gas gathering and processing system in Liberty County, TX. The company was successful in attracting new gas to the system, as well as expanding the system and adding a 50 MMcfd processing plant. Ceritas I sold its Liberty System to DCP Midstream in June 2010 and its Optigas assets to Monarch Natural Gas Holdings in June 2012. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-09-01 |
Prism Midstream
Bedford, Texas, United States Prism Midstream LLC acquires and develops midstream assets with an initial focus on West Texas and the Texas Gulf Coast. Prism Midstream was founded in 2012 and is based in Bedford, Texas. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2002 |
| Size | Small |
| Type | Sector Agnostic |
Jefferson Capital Partners II, L.P is a small, private investment firm focused on investing in companies operating in the Southeast and Midwest United States. Jefferson has a particular interest in transactions involving growth and expansion, acquisitions, management buyouts, and recapitalizations. Jefferson typically invests between $2 and $4 million of equity per transaction in companies with at least $10 million of revenue. However, larger transactions are possible through co-investment opportunities with the company's private equity partners. Industries of interest include manufacturing, industrial products, services, consumer products, distribution/wholesale, healthcare products and equipment, and applied technology. Jefferson Capital is based in Metairie, Louisiana.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 5 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 3 |
| State (Colorado) | 1 of 1 |
| Country (United States) | 2 of 5 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-08-01 |
MaMa Rosa s Pizza
Sidney, Ohio, United States MaMa Rosa's Pizza LLC is a provider of refrigerated pizza products under the Mama Angelina’s, Old Italian and Lean Lifestyle brands. MaMa Rosa’s sells refrigerated pizza’s–not frozen, can be found in the deli/meat or dairy section of a grocery store. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-11-01 |
Vestek Industries
Houston, Texas, United States Vestek Industries is a Society of Mechanical Engineers certified manufacturer and supplier of steel tanks and pressure vessels. Vestek Industries is based in Houston, Texas. |
Buy | - |
