M&A Deal Summary

Prophet Equity Acquires FDF Energy Services

On May 15, 2012, private equity firm Prophet Equity acquired oil/gas exploration company FDF Energy Services from Sable Natural Resources

Acquisition Highlights
  • This is Prophet Equity’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Prophet Equity’s 9th transaction in the United States.
  • This is Prophet Equity’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2012-05-15
Target FDF Energy Services
Sector Oil/Gas Exploration
Buyer(s) Prophet Equity
Sellers(s) Sable Natural Resources
Deal Type Divestiture
Advisor(s) EVE Partners (Financial)

Target

FDF Energy Services

Crowley, Louisiana, United States
FDF Energy Services is a fracturing materials logistics company in the U.S. Additional service lines include the rental of certain oilfield equipment such as tanks and hoses as well as the provision of cleaning services. FDF Energy Services was founded in 1977 and is based in Crowley, Louisiana.

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Buyer(S) 1

Buyer

Prophet Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prophet Equity is a private investment group focused on partnering with owners and management to acquire and build companies. The Firm targets the lower middle-market, and generally pursues businesses with significant value creation potential, such as those found in partnerships, corporate carve-outs, divestitures and non-strategic businesses of larger companies. Prospective companies typically have revenue up to $500 million and are valued between $10 and $250 million. Sectors of interest include automotive, transportation, consumer products, aerospace/defense, distribution, financial services, healthcare, manufacturing, technology, and natural resources. Prophet Equity was founded in 2007 and is based in Southlake, Texas.


DEAL STATS #
Overall 9 of 18
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
State: Louisiana M&A 1 of 1
Country: United States M&A 9 of 18
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-10 Cummings Signs

Nashville, Tennessee, United States

Cummings Signs is a national signage provider specializing in design, manufacturing, and national roll-outs of new exterior & interior sign products. Cummings Signs was founded in 1946 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Tafford Uniforms

Charlotte, North Carolina, United States

Tafford is a leading retailer of third-party and Tafford-branded medical uniforms and accessories. Tafford markets and sells to over 400,000 customers in the U.S. and Canada.

Buy -

Seller(S) 1

SELLER

Sable Natural Resources

Dallas, Texas, United States

Category Company
Sector Oil/Gas Exploration
Employees12
Revenue 910K USD (2014)
DESCRIPTION

Sable Natural Resources is an independent oil and gas company focused on the acquisition and exploitation of unconventional liquids rich gas and oil reserves in the Fort Worth Basin.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1