M&A Deal Summary

Pelican Energy Partners Acquires AWC Frac Technology

On August 1, 2018, private equity firm Pelican Energy Partners acquired machinery company AWC Frac Technology

Acquisition Highlights
  • This is Pelican Energy Partners’ 3rd transaction in the Machinery sector.
  • This is Pelican Energy Partners’ 13th transaction in the United States.
  • This is Pelican Energy Partners’ 10th transaction in Texas.

M&A Deal Summary
Date 2018-08-01
Target AWC Frac Technology
Sector Machinery
Buyer(s) Pelican Energy Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

AWC Frac Technology

Conroe, Texas, United States
AWC Frac Technology designs, manufactures, and repairs high-quality API 6A frac valves, hydraulic accumulators, and ancillary products. AWC Frac Technology was founded in 2001 and is based in Conroe, Texas.

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Buyer(S) 1

Buyer

Pelican Energy Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 563M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pelican Energy Partners is a private equity firm focused on making strategic investments in energy services and manufacturing companies. The Firm typically pursues profitable, established companies across North America with EBITDA generally between $1 million and $10 million. Pelican Energy Partners was formed in 2011 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 15 of 29
Sector (Machinery) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 3 of 9
State (Texas) 10 of 16
Country (United States) 13 of 27
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-28 Lodestar International

Wimberly, Texas, United States

Lodestar International LLC is an independent manufacturer and service provider of downhole dynamics-while-drilling “DWD” measurement tools, which are critical to continued drilling efficiencies and optimization. Lodestar’s flagship products, the I-SUB and I-STRING, provide multiple drilling measurements throughout the drill string and at the drill bit. Lodestar International was founded in 2013 and is based in Wimberly, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 Global Heat Transfer

Humble, Texas, United States

Global Heat Transfer Ltd. engages in manufacturing and repair of radiators, oil coolers, gas coolers and industrial cooling systems for oil and gas, mining and power generation markets. GHT's flagship product, the Jumbotron, is a high-performance radiator engineered specifically for the demands of today's pressure pumping equipment. The Jumbotron's patent-pending cube design offers considerable advantages as compared to legacy horizontal frac radiators, including significant cost savings from reduced downtime and less costly and less frequent maintenance, lower operating costs, greater noise reduction and Tier II/Tier IV engine emissions compliance.

Sell -
Mergr

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