M&A Deal Summary

Post Oak Energy Capital and Ridgemont Equity Partners Acquires Titan River Energy

On March 27, 2013, private equity firms Post Oak Energy Capital and Ridgemont Equity Partners acquired oil/gas exploration company Titan River Energy LLC for 100M USD

Acquisition Highlights
  • This is Post Oak Energy Capital’s 8th and Ridgemont Equity Partners’ 7th transaction in the Oil/Gas Exploration sector.
  • This is Post Oak Energy Capital’s 1st and Ridgemont Equity Partners’ 17th largest (disclosed) transaction.
  • This is Post Oak Energy Capital’s 13th and Ridgemont Equity Partners’ 72nd transaction in the United States.
  • This is Post Oak Energy Capital’s 7th and Ridgemont Equity Partners’ 18th transaction in Texas.

M&A Deal Summary

Date 2013-03-27
Target Titan River Energy LLC
Sector Oil/Gas Exploration
Buyer(s) Post Oak Energy Capital
Ridgemont Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 100M USD

Target

Titan River Energy LLC

Fort Worth, Texas, United States
website
Titan River Energy is an exploration and production company located in Fort Worth, Texas. The company primarily focuses in the development of Texas shale oil resources via joint ventures, farm-ins, and organic leasing opportunities with existing acreage owners and operators. Titan River Energy was formed in 2013 and is based in Fort Worth, Texas.

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Buyer(S) 2

Buyer

Post Oak Energy Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
SizeSmall
Type Sector Focused
DESCRIPTION

Post Oak Energy Capital is a private investment firm focused on growth capital investments US energy companies. Specific areas of interest include exploration and production, oilfield services (manufacturing/distribution), and midstream/related infrastructure assets. Post Oak Energy Capital is based in Houston, Texas.


DEAL STATS #
Overall 13 of 28
Sector (Oil/Gas Exploration) 8 of 20
Type (Buyout (LBO, MBO, MBI)) 9 of 10
State (Texas) 7 of 18
Country (United States) 13 of 28
Year (2013) 2 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 Refinery Specialties,Inc.

Hempstead, Texas, United States

Refinery Specialties, Inc. (RSI) is a privately held Hempstead, Texas-based oilfield service company focusing on formulating, blending, selling and providing technical support for the use of process and production treating chemicals for the oil field, including production, pipeline, refinery, and gas plants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-08 Maverick Brothers Resources LLC

Enid, Oklahoma, United States

Maverick Brothers is a privately held oil and gas exploitation and production company involved in the horizontal development of oil and natural gas properties located in western Oklahoma.

Buy -
Buyer

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 2.4B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invests $25 - $100 million in companies with EBIDTA of $5 - $30 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina and has additional offices in Dallas, Texas.


DEAL STATS #
Overall 86 of 117
Sector (Oil/Gas Exploration) 7 of 12
Type (Buyout (LBO, MBO, MBI)) 41 of 48
State (Texas) 18 of 24
Country (United States) 72 of 103
Year (2013) 2 of 4
Size (of disclosed) 17 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-30 Unitex Oil & Gas LLC

Midland, Texas, United States

Unitex Oil & Gas LLC is an upstream exploration and production company. Unitex Oil & Gas was established in 2003 and is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-09 Simpleview, Inc.

Tucson, Arizona, United States

Simpleview offers integrated products and services for destination marketing organizations (DMOs), including the industry’s most advanced customer relationship management (CRM) platform and content management system (CMS), forecasting and reporting tools, websites, mobile sites, search engine optimization and interactive marketing services.

Buy -