M&A Deal Summary

Ara Partners and Amberjack Capital Partners Acquire Transform Materials

On January 1, 2018, asset manager Ara Partners and private equity firm Amberjack Capital Partners acquired oil/gas exploration company Transform Materials

Acquisition Highlights
  • This is Ara Partners’ 1st and Amberjack Capital Partners’ 4th transaction in the Oil/Gas Exploration sector.
  • This is Ara Partners’ 1st and Amberjack Capital Partners’ 21st transaction in the United States.
  • This is Ara Partners’ 1st and Amberjack Capital Partners’ 1st transaction in Florida.

M&A Deal Summary

Date 2018-01-01
Target Transform Materials
Sector Oil/Gas Exploration
Buyer(s) Ara Partners
Amberjack Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Transform Materials

Riviera Beach, Florida, United States
Transform Materials has developed a novel, plasma-based carbon-neutral process to produce critical industrial chemicals. Transform Materials is based in Riviera Beach, Florida.

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Buyer(S) 2

Buyer
DESCRIPTION

Ara Partners Group is an alternative asset manager focused on control investments in the industrial, chemicals, materials, and energy sectors. The Firm looks to invest in and build companies that will benefit from the transition to sustainable energy. Ara Partners Group was formed in 2017 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 1 of 24
Sector (Oil/Gas Exploration) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 1 of 13
State (Florida) 1 of 3
Country (United States) 1 of 14
Year (2018) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 Puraglobe

Tampa, Florida, United States

Puraglobe is a carbon-negative manufacturer of efficiency-inducing industrial lubricants with proprietary technology. Puraglobe was formed in 1995 and is based in Tampa, Florida.

Buy -
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 25 of 27
Sector (Oil/Gas Exploration) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 15 of 16
State (Florida) 1 of 1
Country (United States) 21 of 23
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-28 Energes Oilfield Solutions

The Woodlands, Texas, United States

Energes Oilfield Solutions consists of three divisions: 1) well-flow control; 2) water management; and 3) safety services. The growing product suite includes critical flowback and well-testing services, water-transfer (poly-pipe and lay-flat hose) and H2S monitoring. Energes Oilfield Solutions is based in The Woodlands, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Taurex Drill Bits

Conroe, Texas, United States

Taurex Drill Bits designs, manufactures, rents, and sells matrix Poly Diamond Crystalline (PDC) bits and Roller-cone bits, used in drilling and completion operations. Taurex Drill Bits was founded in 2006 and is based in Conroe, Texas.

Buy -