M&A Deal Summary |
|
|---|---|
| Date | 2021-06-02 |
| Target | Indigo Natural Resources |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Southwestern Energy |
| Sellers(s) |
Trilantic North America
Ridgemont Equity Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.7B USD |
| Advisor(s) | Credit Suisse Investment Banking (Financial) Kirkland & Ellis (Legal) |
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| Category | Company |
|---|---|
| Founded | 1929 |
| Sector | Oil/Gas Exploration |
| Employees | 900 |
| Revenue | 15.0B USD (2022) |
Southwestern Energy is a national energy company. Southwestern Energy primarily engages in natural gas and crude oil exploration, development and production. Southwestern Energy was founded in 1929 and is based in Spring, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Oil/Gas Exploration) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 3 |
| State (Texas) | 2 of 3 |
| Country (United States) | 2 of 3 |
| Year (2021) | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-12 |
Montage Resources
Irving, Texas, United States Montage Resources Corp. is an exploration and production company with approximately 195,000 net effective core undeveloped acres currently focused on the Utica and Marcellus Shales of Southeast Ohio, West Virginia and North Central Pennsylvania. Montage Resources was founded in 2011 and is based in Irving, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-04 |
GEP Haynesville
The Woodlands, Texas, United States GEP Haynesville is an energy company focused on the development of natural gas properties in the stacked Haynesville and Middle Bossier shale plays in North Louisiana. GEP Haynesville is based in The Woodlands, Texas. |
Buy | $1.9B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2009 |
| PE ASSETS | 9.6B USD |
| Size | Mega |
| Type | Sector Agnostic |
Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 22 |
| Sector (Oil/Gas Exploration) | 6 of 7 |
| Type (Add-on Acquisition) | 9 of 11 |
| State (Texas) | 3 of 3 |
| Country (United States) | 20 of 21 |
| Year (2021) | 1 of 2 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-01 |
Quickparts
Seattle, Washington, United States Quickparts provides custom manufacturing services for engineers and designers looking to create plastic and metal parts from 3D CAD (computer-aided design) models. |
Buy | $82M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-29 |
Velvet Energy
Calgary, Alberta, Canada Velvet Energy is an exploration and production company focused on acquiring, exploring for and developing oil and liquids-rich natural gas assets in the Western Canadian Sedimentary Basin. Velvet Energy was founded in 2011 and is based in Calgary, Alberta. |
Sell | CA$743M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 invest up to $250 million in companies with EBIDTA of $5 - $50 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.
| DEAL STATS | # |
|---|---|
| Overall | 84 of 90 |
| Sector (Oil/Gas Exploration) | 5 of 6 |
| Type (Add-on Acquisition) | 31 of 35 |
| State (Texas) | 17 of 19 |
| Country (United States) | 73 of 79 |
| Year (2021) | 2 of 4 |
| Size (of disclosed) | 5 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-21 |
Softdocs
Columbia, South Carolina, United States Softdocs develops document management, electronic forms, workflow automation, and print customization solutions for the higher education and K-12 markets. The company’s Etrieve platform, and complementary solutions, empower institutions to work more efficiently, communicate more effectively and collaborate more freely. Softdocs was founded in 1998 and is based in Columbia, South Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-27 |
Worldwide Express
Dallas, Texas, United States Worldwide Express is a provider of third-party logistics services, including small parcel, LTL, FTL, and air freight shipping services to small and medium-sized businesses through a national presence of company-owned and franchise locations. Worldwide Express was established in 1995 and is based in Dallas, Texas. |
Sell | - |
