Riverstone Holdings Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Riverstone Holdings has acquired 2 companies. It has also invested in 1 other.

Riverstone Holdings’ most common sectors for investment areoil/gas exploration (40%) and energy services and equipment (26%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (50%) and growth capital (18%). In total, Riverstone Holdings has invested in 14 US states and 10 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Talen Energy for $5.2B.

In the last 3 years, Riverstone Holdings has exited 4 companies. The Firm’s most common exit type is trade sale (51%). Riverstone Holdings’ largest (disclosed) exit occurred in 2022 when it sold Lucid Energy Group II for $3.6B.

Join Mergr to view Riverstone Holdings’ full profile and discover more mega-sized private equity firms just like it.

M&A Summary

  • M&A Total Activity161
    • M&A Buy Activity106
    • M&A Sell Activity55
  • Total Sectors Invested 16
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 61
  • M&A Advisors 8

Riverstone Holdings

712 Fifth Avenue, 36st Floor,
New York, New York 10019
United States
(212) 993-0076
www.riverstonellc.com

Riverstone Holdings is a large specialist private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone was formed in 2000 and is based in New York City.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Consumer Services, Energy Services and Equipment, Engineering, Information Technology, Infrastructure, Machinery, Manufacturing, Marine, Metals/Mining, Oil/Gas Exploration, Renewable Energy, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia, Asia/Pacific, Australia/New Zealand, Latin/South America

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.8/yr) # 102 1 1 1 - 1 106
vol $7.8B $1.6B $2.7B $12.1B
Sell (1.2/yr) # 49 2 1 2 - 1 55
vol $18.7B $3.6B $22.3B
  161

Most Recent M&A

Company Date Value Type
Lucid Energy Group II LLC 2022-06-16 3.6B USD Acquisition Financing
Dallas, Texas
T-REX Group, Inc. 2022-01-26 - Venture
New York, New York · www.trexgroup.com
Forsa Energy Gas Holdings Ltd. 2020-11-11 - Secondary Buyout
Greenock, United Kingdom · www.forsaenergy.com
International-Matex Tank Terminals, Inc. 2020-11-09 2.7B USD Divestiture
New Orleans, Louisiana · www.imtt.com
Cuadrilla Resources Ltd. 2020-02-04 - Add-on Acquisition
Manchester, United Kingdom · www.cuadrillaresources.uk
ILX Holdings LLC 2019-12-10 - Add-on Acquisition
Houston, Texas
Ridley Terminals, Inc. 2019-07-01 - Buyout (LBO, MBO, MBI)
Prince Rupert, British Columbia · www.rti.ca
Enduro Resource Partners LLC 2018-05-16 - Bankruptcy
Fort Worth, Texas
Proserv UK Ltd. 2018-05-14 - Secondary Buyout
Aberdeen, United Kingdom · www.proserv-group.com
Lucid Energy Group II LLC 2018-01-08 1.6B USD Secondary Buyout
Dallas, Texas
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
ReEnergy Holdings LLC 2008-08-01 ReSource Waste Services LLC 2021-11-30 1
Albany, New York · www.reenergyholdings.com Albany, New York · www.resourcewasteservices.com
Centennial Resource Development LLC 2016-07-07 Centennial Resource Development LLC - Produced Water Assets 2020-02-25 1
Delaware Basin, Texas Delaware Basin, Texas
TrailStone LP 2013-05-21 U.S. Oil & Refining Co. 2018-11-27 1
London, United Kingdom Tacoma, Washington · www.usor.com
Talen Energy Corp. 2016-06-03 B-G Mechanical Contractors, Inc. 2017-09-15 5
Allentown, Pennsylvania · www.talenenergy.com Chicopee, Massachusetts · www.bgmechanical.com
Talen Energy Corp. 2016-06-03 Elmsford Sheet Metal Works, Inc. 2017-09-15 4
Allentown, Pennsylvania · www.talenenergy.com Cortland Manor, New York · www.elmsfordsheetmetal.com
Talen Energy Corp. 2016-06-03 Trystate Mechanical, Inc. 2017-09-15 3
Allentown, Pennsylvania · www.talenenergy.com Yonkers, New York · www.trystatemech.com
Talen Energy Corp. 2016-06-03 H.T. Lyons, Inc. 2017-09-15 2
Allentown, Pennsylvania · www.talenenergy.com Allentown, Pennsylvania · www.htlyons.com
Talen Energy Corp. 2016-06-03 Fred Williams, Inc. 2017-09-15 1
Allentown, Pennsylvania · www.talenenergy.com Weymouth, Massachusetts · www.fwilliams.com
Abaco Energy Technologies LLC 2013-10-31 Ascent Coating Technologies LLC 2014-10-31 3
Houston, Texas · www.abacoenergyllc.com Houston, Texas · www.ascentcoating.com
Abaco Energy Technologies LLC 2013-10-31 BasinTek LLC 2014-10-31 2
Houston, Texas · www.abacoenergyllc.com Houston, Texas · www.basintek.com

M&A by Sector

Sector Current # Value All-time # Value
Oil/Gas Exploration 9 (29%) 700M (8%) 42 (40%) 4.2B (35%)
Energy Services and Equipment 7 (23%) 2.7B (31%) 27 (25%) 2.7B (22%)
Renewable Energy 7 (23%) - 14 (13%) -
Utilities 1 (3%) 5.2B (61%) 4 (4%) 5.2B (43%)
Marine 1 (3%) - 3 (3%) -
Agriculture 1 (3%) - 2 (2%) -
Business Services - - 2 (2%) -
Machinery - - 2 (2%) -
Manufacturing 1 (3%) - 2 (2%) -
Transportation 2 (6%) - 2 (2%) -
Automotive - - 1 (1%) -
Infrastructure 1 (3%) - 1 (1%) -
Internet Software and Services 1 (3%) - 1 (1%) -
Metals/Mining - - 1 (1%) -
Real Estate - - 1 (1%) -
Software - - 1 (1%) -
Total 31 $8.6B 106 $12.1B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 22 (71%) 8.1B (94%) 78 (74%) 10.8B (89%)
  Texas 10 (32%) 175M (2%) 47 (44%) 2.4B (20%)
  California - - 5 (5%) -
  Colorado - - 4 (4%) 470M (4%)
  Pennsylvania 2 (6%) 5.2B (61%) 3 (3%) 5.2B (43%)
  Oklahoma 1 (3%) - 3 (3%) -
  Maryland 1 (3%) - 3 (3%) -
  Connecticut 1 (3%) - 3 (3%) -
  Louisiana 2 (6%) 2.7B (31%) 2 (2%) 2.7B (22%)
  North Carolina 2 (6%) - 2 (2%) -
  New York 2 (6%) - 2 (2%) -
  Virginia 1 (3%) - 1 (1%) -
  Missouri - - 1 (1%) -
  Illinois - - 1 (1%) -
  Florida - - 1 (1%) -
Canada 3 (10%) - 10 (9%) 625M (5%)
  Alberta 1 (3%) - 7 (7%) 625M (5%)
  Ontario 1 (3%) - 2 (2%) -
  British Columbia 1 (3%) - 1 (1%) -
United Kingdom 1 (3%) - 8 (8%) 200M (2%)
Mexico 2 (6%) 525M (6%) 2 (2%) 525M (4%)
Brazil 1 (3%) - 2 (2%) -
Netherlands 1 (3%) - 2 (2%) -
Argentina 1 (3%) - 1 (1%) -
China - - 1 (1%) -
Greece - - 1 (1%) -
Switzerland - - 1 (1%) -
Domestic 22 (71%) 8.1B (94%) 78 (74%) 10.8B (89%)
Cross-border 9 (29%) 525M (6%) 28 (26%) 1.4B (11%)
Total 31 $8.6B 106 $12.1B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 12 (39%) 525M (6%) 52 (49%) 1.4B (11%)
Growth Capital 5 (16%) - 19 (18%) -
Stake Purchase 5 (16%) - 11 (10%) 470M (4%)
Secondary Buyout 1 (3%) - 9 (8%) 2.0B (16%)
Divestiture 3 (10%) 2.9B (33%) 6 (6%) 3.1B (26%)
Venture 2 (6%) - 3 (3%) -
Going Private 1 (3%) 5.2B (61%) 2 (2%) 5.2B (43%)
Consolidation 1 (3%) - 1 (1%) -
Joint Venture 1 (3%) - 1 (1%) -
PIPE - - 1 (1%) -
Recapitalization - - 1 (1%) -
Total 31 $8.6B 106 $12.1B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 21 (38%) 20.2B (90%)
IPO 14 (25%) -
Trade Sale 8 (15%) 1.3B (6%)
Secondary Sale 6 (11%) 320M (1%)
Bankruptcy 3 (5%) -
Merger 2 (4%) 532M (2%)
Unknown 1 (2%) -
Total 55 $22.3B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
2
Jefferies LLC
1
Evercore Group LLC
1
Legal Deals
Latham & Watkins
5
Vinson & Elkins LLP
3
Wachtell, Lipton, Rosen & Katz LLP
1

Deal Values

buy # Total
> $1B 3 $9.5B
$100M to $1B 7 $2.6B
TOTAL $12.1B
Largest Talen Energy Corp.
$5.2B (2016-06-03)
sell # Total
> $1B 7 $14.8B
$100M to $1B 12 $7.5B
TOTAL $22.3B
Largest Lucid Energy Group II LLC
$3.6B (2022-06-16)

M&A Connections

Deals
Acquired from
Investor(s)
9%
10 (9%)
Strategic(s)
6%
6 (6%)
Exited to
Investor(s)
9%
5 (9%)
Strategic(s)
56%
31 (56%)

 Subscribe to unlock this and 183,107
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.3K Private Equity Firms
  • 173K M&A Transactions
  • 179K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.5K M&A Advisors
    (Investment Banks and Law Firms)
  • 65K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.