M&A Deal Summary

Regency Energy Partners Acquires Nexus Gas Partners

On March 25, 2008, Regency Energy Partners LP acquired oil/gas exploration company Nexus Gas Partners LLC from Turnbridge Capital, LLC and Centre Partners Management LLC for 85M USD

Acquisition Highlights
  • This is Regency Energy Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Regency Energy Partners’ 3rd largest (disclosed) transaction.
  • This is Regency Energy Partners’ 2nd transaction in the United States.
  • This is Regency Energy Partners’ 2nd transaction in Texas.

M&A Deal Summary

Date 2008-03-25
Target Nexus Gas Partners LLC
Sector Oil/Gas Exploration
Buyer(s) Regency Energy Partners LP
Sellers(s) Turnbridge Capital, LLC
Centre Partners Management LLC
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

Nexus Gas Partners LLC

Dallas, Texas, United States
Nexus Gas Partners LLC is a midstream provider of natural gas gathering, dehydration and compression services for producers in the active exploration and development regions of East Texas and Northern Louisiana.

Search 163,065 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Regency Energy Partners LP

Dallas, Texas, United States

website


Category Company
Founded 2003
SectorEnergy Services and Equipment
Revenue 1.5B USD (2014)
DESCRIPTION

Regency Energy Partners LP is a growth-oriented, master limited partnership engaged in the gathering and processing, compression, treating and transportation of natural gas; the transportation, fractionation and storage of natural gas liquids; the gathering, transportation and terminaling of oil (crude and/or condensate) received from producers; and the management of coal and natural resource properties in the United States.


DEAL STATS #
Overall 2 of 4
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Texas) 2 of 3
Country (United States) 2 of 4
Year (2008) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-12 CDM Resource Management Ltd.

Hoston, Texas, United States

CDM Resource Management, Ltd. is a natural gas contract compression services company that operates high horsepower units primarily in gas producing regions of south Texas and Louisiana.

Buy $655M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 Hoover Energy Partners LP

Houston, Texas, United States

Hoover Energy Partners LP is an emerging independent midstream energy company providing consistent, safe and environmentally sound midstream services to the producing community from the wellhead to downstream markets.

Buy -

Seller(S) 2

SELLER

Turnbridge Capital, LLC

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2008
SizeMiddle-Market
Type Sector Focused
DESCRIPTION

Turnbridge Capital is a private equity firm focused on investing in middle-market energy services and equipment providers supporting upstream, midstream, and downstream energy companies. Turnbridge will consider companies throughout North America and looks to commit $25 to $100 million in companies generating $25 to $250 million in revenue. Turnbridge prefers control investments, but will consider select minority situations. Turnbridge Capital was formed in 2008 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 1 of 7
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 7
Country (United States) 1 of 7
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-16 Nexus Gas Partners LLC

Dallas, Texas, United States

Nexus Gas Partners LLC is a midstream provider of natural gas gathering, dehydration and compression services for producers in the active exploration and development regions of East Texas and Northern Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 ROC Service Company LLC

Bridgeport, Texas, United States

ROC Service Company LLC is a provider of mission critical wellsite and facilities services to exploration and production and midstream companies operating across the United States.

Buy -
SELLER

Centre Partners Management LLC

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 2.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Centre Partners is a private equity firm focused on investments in North American middle-market companies 'with strong growth prospects, predictable cash flows, and defensible competitive positions'. Prospective transactions include investments in privately owned companies, growth capital financings, management buyouts/buy-ins, divestitures, and take privates. The Firm's typical investment size is $10 to $50 million. Areas of interest include consumer products and services, cable/media, business services, energy, financial services, healthcare, industrial, and retail. Centre Partners was formed in 1986 and has offices in New York, New York and Los Angeles, California.


DEAL STATS #
Overall 11 of 29
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 3 of 11
State (Texas) 1 of 3
Country (United States) 10 of 28
Year (2008) 1 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-18 Centre Environmental Partners, Inc.

New York, New York, United States

Centre Environmental Partners is a Management Investment Partnership pursuing acquisitions of independent, regional providers of waste management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-09 U.S. Retirement & Benefits Partners, Inc.

Iselin, New Jersey, United States

U.S. Retirement Partners, Inc. is an independent provider of technology-enabled benefits and retirement services to the K-12 education, government/municipal, and small and mid-sized corporate marketplace. Founded in 2008, USRBP has built a unique platform with an unrivaled competitive position with numerous cross-selling opportunities within its core markets. Today, the company manages more than $42 billion of assets for more than 2 million clients and facilitates the implementation, administration and monitoring of benefits and retirement programs for nearly 3,400 school districts and over 5,000 corporations.

Buy -