M&A Deal Summary

Aereon Acquires Flare Industries

On March 4, 2014, Aereon acquired manufacturer Flare Industries from Turnbridge Capital

Acquisition Highlights
  • This is Aereon’s 1st transaction in the Manufacturing sector.
  • This is Aereon’s 2nd transaction in the United States.
  • This is Aereon’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-03-04
Target Flare Industries
Sector Manufacturing
Buyer(s) Aereon
Sellers(s) Turnbridge Capital
Deal Type Divestiture

Target

Flare Industries

Austin, Texas, United States
Flare Industries, Inc. is a designer and manufacturer of combustion and pollution control technology and equipment. Through its offices in the United States, Canada, United Kingdom, United Arab Emirates and Singapore, Flare delivers high-quality flare systems, thermal oxidizers and ignition systems to clients in a range of industries worldwide.

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Buyer(S) 1

Buyer

Aereon

Austin, Texas, United States
Category Company
Founded 1984
Sector Energy Services and Equipment
DESCRIPTION

Aereon is a provider of standard and highly-engineered vapor recovery and combustion systems which it manufactures and markets to upstream, midstream, and downstream customers. The company's sales are balanced between domestic and international markets, standard and custom equipment as well as substantial after-market parts sales and services. Aereon was formed in 1984 and is based in Austin, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 3
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-04 Jordan Technologies

Louisville, Kentucky, United States

Jordan Technologies, Inc. designs, manufactures and y services vapor recovery units.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 Abutec

Kennesaw, Georgia, United States

Abutec LLC is a manufacturer of emission control products serving various industry segments including oil & gas, landfill and wastewater treatment. Abutec was founded in 2012 and is based in Kennesaw, Georgia.

Buy -

Seller(S) 1

SELLER

Turnbridge Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Middle-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 $20 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 3 of 8
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 3 of 7
Country (United States) 3 of 8
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Impact Selector International

Heath, Texas, United States

Impact Selector International designs, develops, and deploys products and solutions for enhancing efficiencies and mitigating risks during oil and natural gas wellbore evaluation and intervention operations. Impact Selector International was established in 1991 and is based in Heath, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Cimarron Energy

Houston, Texas, United States

Cimarron Energy is a manufacturer of engineered oil and natural gas production and processing equipment, providing separation, measurement, flowback, and environmental products, as well as field services, to oil and natural gas exploration and production and midstream companies. Cimarron Energy was established in 1976 and is based in Houston, Texas.

Buy $100M
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