M&A Deal Summary

Alliance Acquires Triton Offshore

On February 1, 2018, Alliance acquired energy services and equipment company Triton Offshore from Grey Mountain Partners

Acquisition Highlights
  • This is Alliance’s 1st transaction in the Energy Services and Equipment sector.
  • This is Alliance’s 1st transaction in the United States.
  • This is Alliance’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2018-02-01
Target Triton Offshore
Sector Energy Services and Equipment
Buyer(s) Alliance
Sellers(s) Grey Mountain Partners
Deal Type Add-on Acquisition

Target

Triton Offshore

Theriot, Louisiana, United States
Triton Offshore provides offshore commercial diving services in the Gulf of Mexico and maintains a leading position in surface diving activities. Triton Offshore was formed in 1999 and is based in Theriot, Louisiana.

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Buyer(S) 1

Buyer

Alliance

Houma, Louisiana, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Alliance is a provider of marine transportation, liftboat, and diverse well services to both major and small independent oil and gas exploration companies, as well as engineering and project management firms. The company's owner-managers leverage over 100 years of combined industry experience to provide customers with unparalleled solutions, service, and results. Alliance is based in Houma, Louisiana.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Grey Mountain Partners

Boulder, Colorado, United States
Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Grey Mountain Partners is a private equity firm focused on investments in smaller middle-market companies. Grey Mountain targets new platform companies with minimum revenues of $25 million and EBITDA greater than $5 million. The Firm can commit up to $75 million per platform investment. Sectors of interest include diversified manufacturing, wholesale/distribution, business services, software, consumer services, packaging, food & beverage, specialty chemicals, financial services, energy, and defense. Prospective transaction situations can include corporate divestitures, MBOs, consolidation opportunities, family held companies in transition, and companies in distress or emerging from bankruptcy. Grey Mountain Partners is based in Boulder, Colorado.

DEAL STATS #
Overall 11 of 17
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 5 of 6
State (Louisiana) 1 of 1
Country (United States) 11 of 17
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 Ajubeo

Boulder, Colorado, United States

Ajubeo LLC is a provider of infrastructure as a service (IaaS), including public, private, and hybrid cloud products. Ajubeo LLC was founded in 2011 and is based in Boulder, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-14 48forty Solutions

Alpharetta, Georgia, United States

48forty Solutions is a whitewood pallet recycler recycling over 90 million pallets annually across its network of 73 company locations and more than 225 network facilities. 48forty serves over 2,700 customers, including manufacturers, distributors, and retailers in the distribution & logistics, food & beverage, packaging, durables, and non-durables industries. 48forty Solutions was formed in 1992 and is based in Alpharetta, Georgia.

Buy -
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