Buyout (LBO, MBO, MBI) • Oil/Gas Exploration

AEC Partners Acquires Spartan Offshore

On September 27, 2006, private equity firm AEC Partners acquired oil/gas exploration company Spartan Offshore for 51M USD

Acquisition Context
  • This is AEC Partners’ 4th transaction in the Oil/Gas Exploration sector.
  • This is AEC Partners’ 3rd largest (disclosed) transaction.
  • This is AEC Partners’ 3rd transaction in the United States.
  • This is AEC Partners’ 1st transaction in Louisiana.

Explore All 526 Buyout (LBO, MBO, MBI) Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date September 27, 2006
Target Spartan Offshore
Sector Oil/Gas Exploration
Buyer(s) AEC Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 51M USD

Target Company

Spartan Offshore

Slidell, Louisiana, United States
Spartan Offshore owns and operates a fleet of three jack-up drilling rigs servicing the Gulf of Mexico oil and gas industry and one jack-up drilling rig operating in the Cook Inlet in Alaska. Spartan Offshore was founded in 2001 and is based in Slidell, Louisiana.
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Buyer Overview 1

Buyer

AEC Partners


Category Private Equity Firm
Founded 2017
PE ASSETS 3.9B USD
Size Large
Type Sector Focused
DESCRIPTION

AEC Partners is a private equity firm focused on providing direct equity investments in companies from the energy sector. AEC Partners looks to invest between $25 to $75 million in companies from the Southern US. AEC Partners is based in Houston, Texas was spun out from Avista Capital Partners and formed as an independent firm in 2017.


Deal Context for Buyer #
Overall 4 of 14
Sector: Oil/Gas Exploration 4 of 12
Type: Buyout (LBO, MBO, MBI) 4 of 12
State: Louisiana 1 of 1
Country: United States 3 of 11
Year: 2006 4 of 4
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Laredo Energy IV

Houston, Texas, United States

Laredo Energy IV is focused on the acquisition, exploration, and development of natural gas in South Texas. Laredo Energy IV is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Peregrine Oil & Gas II

Houston, Texas, United States

Peregrine Oil & Gas II, LLC is focused on generating, acquiring, developing and operating low to moderate risk drilling and exploitation prospects within the Gulf of Mexico continental shelf.

Buy $105M