M&A Deal Summary

Amberjack Capital Partners Acquires Tier 1 Energy Solutions

On February 4, 2014, private equity firm Amberjack Capital Partners acquired energy services and equipment company Tier 1 Energy Solutions

Acquisition Highlights
  • This is Amberjack Capital Partners’ 14th transaction in the Energy Services and Equipment sector.
  • This is Amberjack Capital Partners’ 2nd transaction in Canada.
  • This is Amberjack Capital Partners’ 2nd transaction in Alberta.

M&A Deal Summary
Date 2014-02-04
Target Tier 1 Energy Solutions
Sector Energy Services and Equipment
Buyer(s) Amberjack Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Tier 1 Energy Solutions

Edmonton, Alberta, Canada
Tier 1 Energy Solutions provides a range of wireline and associated completions support services and designs and manufactures completions and production products. Tier 1 Energy Solutions was founded in 2013 and is based in Edmonton, Alberta.

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Buyer(S) 1

Buyer

Amberjack Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Amberjack Capital Partners is a specialist private equity firm focused on control investments in the upstream energy sector, including oilfield service and manufacturing companies. Specific segments of interest include downhole tools, drill bits and associated drilling technologies, drilling and completion fluids, drilling motor technology, enhanced oil recovery services, mud logging and related technical services, pressure control (land and subsea), subsea components, technology and equipment, managed pressure drilling, wireline services and related tools, completion products and services, differentiated equipment rental companies, and artificial lifts. The Firm targets businesses with $4 to $20 million of EBITDA and can complete transactions valued up to $175 million. Amberjack Capital Partners was formed in 2006 and is based in Cambridge, Massachusetts and has offices in Houston, Texas.

DEAL STATS #
Overall 17 of 27
Sector (Energy Services and Equipment) 14 of 19
Type (Buyout (LBO, MBO, MBI)) 13 of 16
State (Alberta) 2 of 3
Country (Canada) 2 of 3
Year (2014) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 TorcSill

Houston, Texas, United States

TorcSill is a provider of engineered helical pile and anchor foundation solutions across the energy, industrial, and power end markets. TorcSill was founded in 2011 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-23 Proserv

Aberdeen, United Kingdom

Proserv is a controls technology company incorporating two divisions, Proserv Controls, which encompasses our innovative subsea controls solutions, alongside our topside, IWOCS, sampling, and measurement offerings to the oil & gas and renewables markets, and Gilmore, a Proserv Company, known for its globally renowned control valves. Proserv is based in Aberdeen, United Kingdom.

Sell -
Mergr

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