M&A Deal Summary

Ares Private Equity Group and ARM Energy Acquire Salt Creek Midstream

On April 16, 2018, private equity firm Ares Private Equity Group and ARM Energy acquired oil/gas exploration company Salt Creek Midstream

Acquisition Highlights
  • This is Ares Private Equity Group’s 4th and ARM Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Ares Private Equity Group’s 59th and ARM Energy’s 1st transaction in the United States.
  • This is Ares Private Equity Group’s 7th and ARM Energy’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-04-16
Target Salt Creek Midstream
Sector Oil/Gas Exploration
Buyer(s) Ares Private Equity Group
ARM Energy
Deal Type Joint Venture

Target

Salt Creek Midstream

Houston, Texas, United States
Salt Creek Midstream is a greenfield midstream company built to provide a full suite of midstream services and downstream solutions to producers in the Delaware Basin. Salt Creek Midstream operates approximately 870 miles of natural gas and crude oil gathering pipelines, a 600 MMcf/d natural gas processing complex, and approximately 350,000 barrels of liquids storage. Salt Creek Midstream was founded in 2017 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 77 of 126
Sector: Oil/Gas Exploration M&A 4 of 5
Type: Joint Venture M&A Deals 1 of 1
State: Texas M&A 7 of 13
Country: United States M&A 59 of 93
Year: 2018 M&A 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-02 Convergint

Schaumburg, Illinois, United States

Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-17 CS Energy

Edison, New Jersey, United States

CS Energy engages in solar and energy storage sectors, having constructed over 1 GW of solar projects and 300 MWh of energy storage projects throughout the United States and in select international markets. CS Energy was founded in 1906 and is based in Edison, New Jersey.

Buy -
Buyer

ARM Energy

Houston, Texas, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

ARM Energy is a premier producer services firm providing innovative solutions across the energy value chain. ARM Energy's integrated, diversified portfolio includes Asset Risk Management, LLC, providing risk management and hedging strategies for producers; ARM Energy Management LLC, providing physical oil and gas marketing, transportation and asset management services and trading; and ARM Midstream, LLC, providing midstream investment, infrastructure development, and operations. ARM Energy Holdings is based in Houston, Texas.


DEAL STATS #
Overall 1 of 2
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: Texas M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Boomerang Energy Marketing

Houston, Texas, United States

Boomerang Energy Marketing is an energy marketing firm. Boomerang provides oil, natural gas, NGL, sulfur, and electricity marketing, and trading expertise to energy companies. Boomerang Energy Marketing was founded in 2001 and is based in Houston, Texas.

Buy -