NGP Energy Technology Partners Mergers and Acquisitions Summary

Corporate Investor Profile

NGP Energy Technology Partners’ most common sectors for investment areenergy services and equipment (44%) and renewable energy (18%) . The Firm’s most common investment types include growth capital (27%) and venture (27%). In total, NGP Energy Technology Partners has invested in 13 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired MS Directional for $165M.

In the last 3 years, NGP Energy Technology Partners has exited 1 company. The Firm’s most common exit type is trade sale (53%). NGP Energy Technology Partners’ largest (disclosed) exit occurred in 2017 when it sold MS Directional for $215M.

Join Mergr to view NGP Energy Technology Partners’ full profile and discover more middle-market corporate investor investors just like it.

M&A Summary

  • M&A Total Activity39
    • M&A Buy Activity22
    • M&A Sell Activity17
  • Total Sectors Invested 10
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 15
  • M&A Advisors 1

NGP Energy Technology Partners

1750 K Street NW, Suite 700,
Washington, District of Columbia 20006
United States
(202) 536-3920
www.ngpetp.com
inquiries@ngpetp.com

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.


Investment Criteria

Sectors of Interest: Chemicals, Electrical Equipment, Energy Services and Equipment, Oil/Gas Exploration, Renewable Energy, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 5 30
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 22 - - - - - 22
vol $231M $231M
Sell (0.4/yr) # 15 1 1 - - - 17
vol $322M $322M
  39

Most Recent M&A

Company Date Value Type
Community Energy, Inc. 2021-12-20 - Trade Sale
Radnor, Pennsylvania · www.communityenergyinc.com
TAS Energy, Inc. 2020-03-09 - Trade Sale
Houston, Texas · www.tas.com
Oilfield Water Logistics LLC 2019-10-28 - Secondary Sale
Dallas, Texas · www.oilfieldwaterlogistics.com
Lehigh Technologies, Inc. 2017-10-18 - Trade Sale
Tucker, Georgia · www.lehightechnologies.com
MS Directional 2017-09-05 215M USD Trade Sale
Conroe, Texas · www.msdir.com
Letco Group LLC 2017-07-18 - Secondary Sale
Dallas, Texas · www.livingearth.net
LED Engin, Inc. 2017-06-06 - Trade Sale
San Jose, California · www.ledengin.com
TPI Composites, Inc. 2016-07-21 - IPO
Scottsdale, Arizona · www.tpicomposites.com
Global Resource Options, Inc. (dba groSolar) 2016-04-25 - Trade Sale
While River Junction, Vermont · www.grosolar.com
Wellsite Rental Services LLC 2015-07-09 - Merger
Broussard, Louisiana · www.wellsiterentalservices.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Viking Oil Tools 2012-09-13 Wellsite Rental Services LLC 2015-07-09 1
Cary, North Carolina · www.vikingoiltools.com Broussard, Louisiana · www.wellsiterentalservices.com

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment 2 (50%) - 10 (43%) 66M (29%)
Renewable Energy - - 4 (17%) -
Oil/Gas Exploration - - 2 (9%) 165M (71%)
Agriculture - - 1 (4%) -
Chemicals - - 1 (4%) -
Electrical Equipment - - 1 (4%) -
Manufacturing 1 (25%) - 1 (4%) -
Semiconductors - - 1 (4%) -
Technology Hardware - - 1 (4%) -
Test/Measurement Equipment 1 (25%) - 1 (4%) -
Total 4 - 23 $231M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 4 (100%) - 21 (100%) 231M (100%)
  Texas 3 (75%) - 8 (38%) 165M (71%)
  Pennsylvania - - 2 (10%) 66M (29%)
  North Carolina 1 (25%) - 1 (5%) -
  Vermont - - 1 (5%) -
  Oklahoma - - 1 (5%) -
  Ohio - - 1 (5%) -
  Massachusetts - - 1 (5%) -
  Louisiana - - 1 (5%) -
  Iowa - - 1 (5%) -
  Georgia - - 1 (5%) -
  Connecticut - - 1 (5%) -
  California - - 1 (5%) -
  Arizona - - 1 (5%) -
Total 4 - 21 $231M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 2 (50%) - 6 (26%) -
Venture - - 6 (26%) -
Buyout (LBO, MBO, MBI) 2 (50%) - 5 (22%) -
Secondary Buyout - - 3 (13%) 165M (71%)
PIPE - - 2 (9%) -
Special Situations/Distressed - - 1 (4%) 66M (29%)
Total 4 - 23 $231M

Exits by Deal Type

Type Total # Value
Trade Sale 6 (35%) 322M (100%)
Secondary Sale 4 (24%) -
Trade Sale - Public Company 3 (18%) -
Bankruptcy 2 (12%) -
IPO 1 (6%) -
Merger 1 (6%) -
Total 17 $322M

Top M&A Advisors

Financial Deals
Simmons & Company
 1

Deal Values

buy # Total
$100M to $1B 1 $165M
< $100M 1 $66M
TOTAL $231M
Largest MS Directional
$165M (2008-08-11)
sell # Total
$100M to $1B 2 $322M
TOTAL $322M
Largest MS Directional
$215M (2017-09-05)

M&A Connections

Deals
Acquired from
Investor(s)
17%
4 (17%)
Exited to
Investor(s)
24%
4 (24%)
Strategic(s)
59%
10 (59%)

Investor Summary

Investor Type

Corporate Investor

Size

Middle-Market

PE Assets

500M USD

Established

2005

Specialist/Generalist

Specialist

Subsidiary of

NGP Energy Capital Management LLC

Leadership

Philip Deutch

Founder & Managing Partner

Rodd Macklin

CFO

Bruce Schulman

Managing Partner

Eric Christiansen

Principal

James Pai

Principal

FAQ

When was NGP Energy Technology Partners founded?

NGP Energy Technology Partners was founded in 2005.

What type of investor is NGP Energy Technology Partners?

NGP Energy Technology Partners is a corporate investor.

Where is NGP Energy Technology Partners headquartered?

NGP Energy Technology Partners is headquartered in Washington, District of Columbia.

How much capital does NGP Energy Technology Partners have under management?

NGP Energy Technology Partners has 500M USD under management.

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