Investment Summary

Quintana Capital Group and Annapurna Capital Management Exits Quintana Energy Services

On August 20, 2017, invested in energy services and equipment company Quintana Energy Services from Quintana Capital Group and Annapurna Capital Management

Investment Highlights
  • This is transaction in the Energy Services and Equipment sector.
  • This is transaction in the United States.
  • This is transaction in Texas.
Investment Fate
  • Quintana Energy Services merged with another company in 2020.

Investment Summary

Date 2017-08-20
Target Quintana Energy Services
Sector Energy Services and Equipment
Sellers(s) Quintana Capital Group
Annapurna Capital Management
Deal Type IPO

Target

Quintana Energy Services

Houston, Texas, United States
Quintana Energy Services, Inc. provides a wide range of completion, production and drilling services to onshore E&P customers operating in unconventional resource plays and conventional basins throughout the U.S. QES operates via two subsidiaries, Consolidated and DDC. Consolidated provides frac, cementing, acidizing, wireline, water heating, and transfer and CO2 product sales and transportation services. DDC provides directional and horizontal measurement-while-drilling services, downhole navigational and rental tools, and associated support services. Quintana Energy Services was founded in 2017 and is based in Houston, Texas.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Seller(S) 2

SELLER

Quintana Capital Group

Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 950M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Quintana Capital Group is a private investment group that makes control-oriented investments in the energy industry. Quintana will consider investments across the energy spectrum, including upstream, services, and downstream. The Firm targets investments ranging from $10 to $125 million. Quintana is based in Houston, Texas.


DEAL STATS #
Overall 3 of 4
Sector: Energy Services and Equipment M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: Texas M&A 1 of 2
Country: United States M&A 2 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Quintana Energy Services

Houston, Texas, United States

Quintana Energy Services, Inc. provides a wide range of completion, production and drilling services to onshore E&P customers operating in unconventional resource plays and conventional basins throughout the U.S. QES operates via two subsidiaries, Consolidated and DDC. Consolidated provides frac, cementing, acidizing, wireline, water heating, and transfer and CO2 product sales and transportation services. DDC provides directional and horizontal measurement-while-drilling services, downhole navigational and rental tools, and associated support services. Quintana Energy Services was founded in 2017 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 Deep Gulf Energy

Houston, Texas, United States

Deep Gulf Energy LP is a private, growth-orientated exploration and production company focused in the Deepwater GoM. Deep Gulf focuses onlow-risk exploration and development opportunities near existing infrastructure in oil prone areas that can be tied back to existing production facilities in a safe efficient manner. Deep Gulf Energy was established in 2005 and is based in Houston, Texas.

Sell $1.2B
SELLER

Annapurna Capital Management

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Annapurna Capital Management is a private investment firm that looks to acquire lower middle-market companies throughout North America. The Firm pursues profitable ($2 to $10 million of EBITDA) companies valued up to $50 million. Preferred sectors of interest include energy services (both onshore and offshore) and transportation. Annapurna was formed in 2012 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 2 of 2
Type: IPO M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-22 Cimarron Acid & Frac

Fairview, Oklahoma, United States

Cimarron Acid & Frac LLC is an energy services company providing pressure pumping services to leading independent oil and gas companies. The company currently works primarily in Oklahoma, Texas, and Kansas, but possesses the ability to work nationwide. Founded in 2000 with just one acid truck, the company has grown to be able to provide a full range of pressure pumping and acidizing services.

Sell -