M&A Deal Summary

89 Energy III Acquires Native Oil & Gas

On May 20, 2021, 89 Energy III acquired oil/gas exploration company Native Oil & Gas from Kayne Anderson Capital Advisors

Acquisition Highlights
  • This is 89 Energy III’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is 89 Energy III’s 2nd transaction in the United States.
  • This is 89 Energy III’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2021-05-20
Target Native Oil & Gas
Sector Oil/Gas Exploration
Buyer(s) 89 Energy III
Sellers(s) Kayne Anderson Capital Advisors
Deal Type Merger

Target

Native Oil & Gas

Oklahoma City, Oklahoma, United States
Native Oil & Gas is a private exploration and production company that pursues a lease and drill strategy in the Mid-Continent region, specifically Oklahoma. Native Oil & Gas was founded in 2017 and is based in Oklahoma City.

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Buyer(S) 1

Buyer

89 Energy III

Oklahoma, Oklahoma, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

89 Energy III is a private E&P company that focused on the continued development of its footprint in the Anadarko Basin and the pursuit of acquisitions within the Mid-Continent region. 89 Energy III is based in Oklahoma City.


DEAL STATS #
Overall 2 of 3
Sector: Oil/Gas Exploration M&A 2 of 3
Type: Merger M&A Deals 2 of 2
State: Oklahoma M&A 1 of 2
Country: United States M&A 2 of 3
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Acacia Exploration Partners

Dallas, Texas, United States

Acacia Exploration Partners is a private exploration and production company that focuses on drilling and development opportunities in the Mid-Continent region. Acacia Exploration Partners is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-31 Land Run Minerals V

Oklahoma City, Oklahoma, United States

Land Run Minerals V is a private energy company focused on the acquisition and management of mature royalty assets. Land Run Minerals V is based in Oklahoma City.

Buy -

Seller(S) 1

SELLER

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 75 of 85
Sector: Oil/Gas Exploration M&A 41 of 43
Type: Merger M&A Deals 3 of 3
State: Oklahoma M&A 5 of 5
Country: United States M&A 65 of 73
Year: 2021 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Acacia Exploration Partners

Dallas, Texas, United States

Acacia Exploration Partners is a private exploration and production company that focuses on drilling and development opportunities in the Mid-Continent region. Acacia Exploration Partners is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Source Intelligence

San Diego, California, United States

Source Intelligence is a global network of businesses linked together to expedite the exchange and validation of compliance information. SI's cloud-based SaaS platform helps customers make informed decisions about business partners to offer products that meet legal, ethical, and environmental standards. Source Intelligence was founded in 2008 and is based in San Diego, California.

Sell -