M&A Deal Summary

Ares Private Equity Group Acquires WPX Energy - Van Hook Gathering System

On November 20, 2015, private equity firm Ares Private Equity Group acquired energy services and equipment company WPX Energy - Van Hook Gathering System from WPX Energy for 185M USD

Acquisition Highlights
  • This is Ares Private Equity Group’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Ares Private Equity Group’s 16th largest (disclosed) transaction.
  • This is Ares Private Equity Group’s 52nd transaction in the United States.
  • This is Ares Private Equity Group’s 2nd transaction in North Dakota.

M&A Deal Summary
Date 2015-11-20
Target WPX Energy - Van Hook Gathering System
Sector Energy Services and Equipment
Buyer(s) Ares Private Equity Group
Sellers(s) WPX Energy
Deal Type Divestiture
Deal Value 185M USD

Target

WPX Energy - Van Hook Gathering System

North Dakota, United States
WPX Energy - Van Hook Gathering System consists of pipeline systems that currently gather approximately 11,000 barrels of oil, 6,500 million cubic feet of natural gas,

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Buyer(S) 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B 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 60 of 98
Sector (Energy Services and Equipment) 2 of 4
Type (Divestiture) 4 of 6
State (North Dakota) 2 of 2
Country (United States) 52 of 82
Year (2015) 7 of 7
Size (of disclosed) 16 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 LendingPoint

Kennesaw, Georgia, United States

LendingPoint is a provider of direct lending services online. LendingPoint offers a fairer lending environment by helping fair credit consumers unlock access to affordable loans. LendingPoint was founded in 2014 and is based in Kennesaw, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Insight Global

Atlanta, Georgia, United States

Insight Global is a provider of employment solutions to Fortune 500 customers across the United States and Canada. Insight Global provides long-term, short-term, temporary-to-permanent, placement staffing, and enhanced staffing services. Insight Global was founded in 2001 and is based in Atlanta, Georgia.

Sell -

Seller(S) 1

SELLER

WPX Energy

Tulsa, Oklahoma, United States
Category Company
Founded 1983
Sector Oil/Gas Exploration
Employees590
Revenue 2.4B USD (2019)
DESCRIPTION

WPX Energy is an exploration and production company focused on developing its significant natural gas, natural gas liquids, and oil reserves, particularly in the Piceance Basin, Bakken Shale, and Marcellus Shale. WPX Energy was founded in 1983 and is based in Tulsa, Oklahoma.

DEAL STATS #
Overall 2 of 4
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 2 of 3
State (North Dakota) 2 of 2
Country (United States) 2 of 4
Year (2015) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-31 North Dakota gathering system

Williston Basin, North Dakota, United States

Sell $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 WPX Energy Rocky Mountain

Denver, Colorado, United States

WPX Energy Rocky Mountain LLC is a operator of federal, state, and private oil and gas leases, wells, and associated facilities.

Sell -
Mergr

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